RE:This BoardI have a tracking position.
I have come to realize my being lazy and just comparing current LME prices vs the Net Direct Cash Cost guidence somewhat of a negative as I tended to think the company would have a decent quarter.
There are unfotunately no short cuts when it comes to Sherritt.
As we all know management has no control over selling prices so its really a question of costs.
Mining is capital intensive. Using EBITDA is not the best metric. NDCC omits depreciation which must mean the machines will never break and maintenence CapEx doesn't exist.
Was a decent year but last 2 quarters were disappointing.
Do you think the PIK bonds are a better bet?