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Bullboard - Stock Discussion Forum Sherritt International Corp T.S

Alternate Symbol(s):  SHERF

Metals & Mining Industrial Metals & Minerals
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... see more

TSX:S - Post Discussion

Sherritt International Corp > Over 1,25$ ?
View:
Post by IamMagic on Nov 24, 2020 9:04pm

Over 1,25$ ?

If I remember, the value was around 1,50$ before Trump restrictions making investors to run away.

At 1,50$ the company was in deep trouble and the nickel price was much lower.

Now the situation seems much better compared to this time.

Can it go back over 1,25$ after Cuban's restrictions reduction ? 

- Biden have a Cuban immigrant in his team. I wouldn't be surprised to have some kind of strong influence on him.

- Moa's operation have the lowest NDCC of all HPAL, at around 4$/lb, and the Ni price is 7+$/lb!

- Nickel price is already high and we are very far from driving all electric cars!!!

Comment by rkhosla on Nov 24, 2020 10:48pm
It certainly could and higher.  BUT when I look at the chart, I see $0.80 as our next major challenge - I think we get there in 12-18 months.  It is absolutely possible we have a spike in Class 1 Ni prices - so many mines have been taken off-line and vs ore from southeast asia and nickel pig iron for stainless steel, Class 1 is a premium product used by the battery industry.  It is ...more  
Sherritt International Corp