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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)
•••
Comment by Bigbird9999on Nov 09, 2017 4:35pm
92 Views
Post# 26935730

RE:RE:Q3 Report tomorrow

RE:RE:Q3 Report tomorrowYup.  Raw material purchases and product sales are priced in USD.  But as you say the power, labour and almost all of the OPEX costs are CAD based.  And yes TC is in USD.  Like I said befor the FS will be VERY different and those folks that don't realize that it is in USD will be a bit freaked out by the 20% drop in the balance sheet items caused by the change to USD reporting.

I expect it to be very difficult to understand and compare to previous performance.
BB

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities