Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Sherritt International Corp T.S

Alternate Symbol(s):  SHERF

Sherritt International Corporation is a Canada-based company engaged in the mining and refining of nickel and cobalt metals essential for the adoption of electric vehicles through hydrometallurgical processes. The Company is engaged in the production of high purity nickel and cobalt metals from lateritic ore. Its technologies group creates solutions for oil and mining companies around the world to improve environmental performance. The Company offers a range of products including Nickel, Cobalt, Fertilizers and Other Products. The Nickel products category includes standard grade, steel grade, and nickel powders. The Cobalt products category includes cobalt briquettes and cobalt powders. The Company’s Fertilizers product category includes anhydrous ammonia, granular ammonium sulfate, crystalline ammonium sulfate-super salt, and crystalline ammonium sulfate-standard grade. The Other products category includes sulfuric acid, zinc sulfide, and copper sulfide.


TSX:S - Post by User

Comment by Ernieandberton Jan 22, 2023 8:26am
179 Views
Post# 35238317

RE:RE:RE:RE:Reference Prices for the 4th Q

RE:RE:RE:RE:Reference Prices for the 4th Q1) Here is how you model S's Ebitda (which btw, is effectively is Dividend paid out by Moa.  If it is not paid out by Moa, then it is retained at Moa in the form of WC).  Per Q:

U$ Ni price of 29,000 / 2204.6 to get US lbs = U$13.15 x .95 to deduct 5% Royalty = U$12.50 x FX of 1.3500 = C$16.87.  

S's production of 4,200 tons/Q x 2204.6 = 9,261,000 x (C$16.87 - U$5 for NDCC (will get more on this next week in presentation/guidance which is coming out) x 1.3500 /1000 = C$93.725mm of CF/Q - 13mm Corp Costs = C$81mm/Q x 4 = C$324mm + U$57mm Co Div x 1.3500 = C$400mm

2) All Cash Flow at S, is in the form of a Div so yes the Co Swap is a Div.  

NB - Obviously hinges on the price of Ni and Co but a) this is today's price and b) the model is correct. As mentioned, if you want to argue the NDCC, we will get guidance this coming week.  

<< Previous
Bullboard Posts
Next >>