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Noranda Income Fund Unit T.NIF.UN


Primary Symbol: NNDIF

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

Bullboard Posts
Comment by ZincDink1on Nov 07, 2018 8:34pm
58 Views
Post# 28941055

RE:RE:RE:ZINC TC and ZINC Price

RE:RE:RE:ZINC TC and ZINC PriceI just looked at this presentation from Trevali (TV).


https://s22.q4cdn.com/617180940/files/doc_presentations/2018/11/Trevali-Presentation-November-2018.pdf

In it, they show refining costs of 61 M$ for 203 Mpounds of zinc. This suggests the TC is closer to $ 61 then $ 80 (if I am reading it right).

Whats interesting for TV is they got caught holding production they should have sold do to some logistics, which probably meant they had to write some inventory down.

Guess will see what happens. Nyrstar keeps getting beaten up, so things not looking so hot for NIF. Feast or famine (welcome to the lean years)
Bullboard Posts