Sherritt International Corp T.S

Never thought this would happen.

[Lottomax123]

Good news for cobalt producers like sherritt. I believe cobalt is a byproduct of nickel production. So free money! https://www.mining.com/electric-vehicles-surpass-phones-as-top-driver-of-cobalt-demand/

[Buyreallow]

Better news is they expect to increase production in 2022 to about 40000 tonnes.  Cobalt equates to about 10% of production, so about 4000 tonnes of cobalt.  And cobalt prices recently spiked to between $75000 and $80000 a metric tonne.  So 4000 tones x $75000 x 1.28 exchange eqates to annual revenue of about $384,000,000 from cobalt alone.  Lets all hope cobalt prices stay

[Maxmoe]

Or ..... if nickel stays at$12 plus, it should generate small profit on its own. $384 million from cobalt is straight to the bottom line. That rounds up to about $1 a share for a P/E of <1. If it isn't siphoned away before shareholders get a taste.  

[ariesleaf]

A $1.00 share price coming to a stock near you soon.

[rkhosla]

Love your enthusiasm.  Mine is in a bit of a lull.