Here is some reality for you guys to read instead of fantasy 1) The Fort Saskatchewan facility/operations value has gone to Sherritt legal for response.
2) In regards to the arrangement with the Cuban gov't; Sherritt has a 50/50 partnership with Cuba and the Cubans own 50% of the Fort operations that relates to the Nickel production only, not the fertilizer business. In terms of who owns the land/resources/mill etc at MOA, this question has gone to legal for response, however; the thoughts are parallel to what I have suggested which is, Cuba owns all assets in Cuba. Legal to confirm.
3) Who is Sherritts biggest purchaser of Nickel/Cobalt or at least which country? Japan buys most of the Nickel, China has other sources internally and from Indonesia etc. and there's a few countries in Europe. Because of content rules, Sherritt's Nickel cannot end up in USA because of the embargo. So it is used in the markets to which it is sold only. Sherritt won't be participating in the USA market for car batteries/stainless steel products etc at all.
4) Sherritt's reported some gas discoveries. Are they significant enough to add profits to the company? The drilling program and gas discoveries were paid for by CUPET, they don't belong to Sherritt. The gas, if substantial will be used for energy production for the Cuban market through the Cuban energy company and Sherritt only gets 1 third of any revenue.
In terms of glut or shortage of Nickel. The price is indicative of supply. Sherritts Nickel goes direct to customers and not through the LME or Shanghai ME. The prices are not pre-arranged and supply is not pre-sold. All Ni sold at market.
Prices dropping for a reason.
REALITY NOT FANTASY!