RE:So how much is the Fort Site refinery worth ?FrozenInOntario wrote: Only 3 nickel refinery are in operation in Canada. None in the United States. Last one to be built, was in Newfoundland at a cost of 4.5 Billion.
Incidently only one copper smelter in Canada : Horne in Rouyn-Noranda.
Note that the Quebec governemnt is spending 88 million to buy out and destroy homes aroung the smelter because of the arsenic pollution. (Who has a process to reduce arsenic pollution ?)
https://www.cbc.ca/news/canada/montreal/quebec-move-households-horne-smelter-1.6779645
And we want to reshore battery metals out of China. What are the chances of building a new refinery/smelter in Canada ? So our plant is worth much more that the current market cap of Sherritt. Much more. This more than offsett the Cuban risk and provide investors with a margin of safety.
GLTA
The fort site refinery is 50% owned by the communist cuban government. No future there under the status quo