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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 CommonCents123on May 26, 2023 5:10pm
61 Views
Post# 35466582

RE:RE:RE:RE:Sherritt Investor Relations

RE:RE:RE:RE:Sherritt Investor Relations1) YES Verificate123 posted that Sherritt's Fort Saskatchewan property was worth at least $10 billion.

In terms of value assessment...your property taxes are calculated using the assessed value of your property/home and multiplying it by the municipal mill rate.

If your property/house is assessed at $1,000,000 and the mill rate for the city in which you live is 1.5% then your tax that year would be $15,000.

Sherritt has to pay property taxes unless they get some magical Verificate123 exemption?  So based on the taxes they pay, the value of their building and property should be available. 

In terms of book value: Book value = Total assets - Total liabilities which is consistent between platforms i've checked for Sherritt  i.e.) Yahoo and 2 banks all have Sherritt at under $2.

You're thinking market value. 
Market value refers to the total value of the shares of a business traded on the stock market. I think you may be getting confused?

All I was trying to determine is the value of the Fort assets knowing they were in no way valued at $10 billion.  I was also trying to confirm that although Verificate123 thinks they own 1/2 of the Moa operations in Cuba, i don't believe they do because its a communist country and no one owns anything there...the gov't (aka dictator) owns it all.

That's it.  PS - The Nvdia book value would be the same.  Has nothing to do with share price.

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