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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. 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. It is also the independent energy producer in Cuba. 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 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 rkhoslaon Jan 16, 2024 4:03pm
56 Views
Post# 35829877

RE: 114$ million american annually paid in cobalt

RE: 114$ million american annually paid in cobalt omg the money has to come from somewhere.  if it's not from the cobalt itself then it has to come from other JV revenue - which means nickel (and the leftover cobalt).  and if prices are low and JV is not generating enough cash to cover expenses (as evidenced by having to 'borrow' $16 mil back from us) then there is definately NO cash to top up the worthless cobalt tonnage....  amd therefore $114 mil is a notional fantasy.  
 
VerificateASAP wrote: Joe even if it's short 20 million for next 48 months.

The following year cuba partners have too make the difference up.

If it takes an extra year.

I just don't understand the formalities of omg they didn't get 16 million in 23. But they did get another 134 million cobaltcash paid out plus further dividends in 23.

You sound like we are not getting paid  but so what.

If they are short 40 million in cobalt....we still get 110 million into the coffers 




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