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Bullboard - Stock Discussion Forum 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... see more

TSX:S - Post Discussion

Sherritt International Corp > $140 million for 20% capacity increase by end 2024
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Post by rkhosla on Feb 09, 2022 9:21pm

$140 million for 20% capacity increase by end 2024

quick math based on this - pg 48:

Sherritt and its Cuban partners are finalizing timelines, cost estimates and economics of other components of the growth strategy, including identifying financing alternatives. Sherritt currently estimates the growth strategy will deliver incremental increases to annual finished nickel and cobalt production by 15 to 20% from totals produced in 2021 once all projects at Moa, including the SPP and the refinery in Fort Saskatchewan, are completed in 2024 at an anticipated cost of US$20,000 to US$25,000 per tonne of new nickel capacity. Sherritt expects to provide further updates on its growth strategy with the release of its results for the first quarter of 2022.
Comment by Nickbull on Feb 09, 2022 11:11pm
I will be interested in seeing their plan. I am doubting they can do it for 25000$/ton. It will be more like 40-50k per ton. Will put the ROI at 2 years. They will need a nickel price around 10$ through till 2028 for it to make sense. Couple with the fact that they have missed guidance every year for the last ten and have been rate limited by feed 8 of the last 10. They have already spent 370mil ...more  
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