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Noranda Income Fund Unit T.NIF.UN


Primary Symbol: NNDIF

Metals & Mining Industrial Metals & Minerals
Noranda Income Fund is a Canadian based income trust. The fund owns the electrolytic zinc processing facility and ancillary assets located in Salaberry-de-Valleyfield, Quebec. It produces refined zinc metal and by-products from sourced zinc concentrates. The fund's long-term objective is to maximize unitholder value and provide monthly distributions to unitholders.


OTCPK:NNDIF - Post by User

Noranda Income Fund Unit
Bullboard Posts
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(26)
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Comment by Bigbird9999on Jan 21, 2017 7:17pm
209 Views
Post# 25737931

RE:RE:RE:January Distribution Just Announced

RE:RE:RE:January Distribution Just AnnouncedThe north American market for Zn is pretty steady at about 1.2 -1.4 million tpa.  Most of this is supplied from the 6 North American smelters.  NIF, Teck in Trail, BC, Hud Bay in Flin Flon, Nyrstar in Tennesse, and 2 smelters in Mexico (yes Mexico is in North America). 
 
Glencore controls about 30% of this metal as they act as agents for NIF 270000 t and Nyrstar 130000 t. 

I don't think there is any Trump factor here.  Glencore is not going to walk away from 30% market share in NA.

BB
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Dealroom for high-potential pre-IPO opportunities