Sherritt International Corp T.S

Value of assets held in Canada

[CPA023]

Assumptions:

No value for assets held in Cuba
Value of 800 millions for land, plant and equipment at Fort Saskatchewan (a conservative value compared to the 10 billions of Verificate)

At March 31, 2023

Assets held in Canada

Cash                                                                        45.4 M
Restricted cash                                                          1.4
Finance lease receivable                                           2.6
Trade accounts receivable                                     164.0
Inventories                                                               70.4
Prepaid expenses                                                     3.9
Property, plant and equipment                              800.0
Intangible assets                                                    13.9
Other non-financial assets                                       1.0
Deferred income taxes                                             2.8

Total assets                                                        1,105.4

Total liabilities                                                        845.1

Net assets held in Canada                                    260.3

Total shares issued                                              397.3 M 

Value per share for assets held in Canada         $0.655 

The value of assets held in Canada will be higher if the value of land, plant and equipment at Fort Saskatchewan is higher than 800 M

In addition, each month, the cobalt swap receivable is 12 M, being $0.03 per share that adds to the value per share of assets held in Canada

At June 30, 2023, the value per share for assets held in Canada should be $0.745 ($0,655 + $0.09)

Difficult to understand why the value of Sherritt shares on the Toronto stock market is $0.48

[oilbaron25]

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[sloopjohnb]

Thank you CPA023, very much appreciated... from a holder who is flat after 2 yrs. Btw this is my first post, ever... your clear, concise company-level financial analysis is a breath of fresh air, inspired me to reply. 

[VerificateASAP]

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[CommonCents123]

The only part of your message that was correct is the part about you not being perfect.  Even the accountant says your $10 billion estimate is a blue grass comment.

[CommonCents123]

It's not difficult to understand why sherritt sits at this price.  No one in the USA can do business with Sherritt because of the US Emabargo and no company there will "promote" this stock (like others) because the legislation around investing in it is not worth the risk. You can buy this stock on US exchanges but no one is...everyone stays away from Cuba. It's the

[VerificateASAP]

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[VerificateASAP]

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[CommonCents123]

TECHNOLOGY!  Lots of good that did them in Ambitovy - Madagascar!

[VerificateASAP]

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[CommonCents123]

Yes I'm nonsensical and look at micro events but yet VerificateASAP you post about the Cuban president visiting the Vatican?  Do you expect the Pope to help Sherritt's/Cuba's plight? It's in God's hands for sure...keep praying amigo! I pray for you too, hope you get help.

[VerificateASAP]

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