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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 Apr 11, 2019 12:20pm
117 Views
Post# 29613419

RE:RE:Balance sheet strength vs past

RE:RE:Balance sheet strength vs pastAlso remember that in the 3 years 2014 - 2016 they paid down  $52 million in long term debt to zero, invested $18 million to treat high silica feed and still managed to generate sufficient earnings to distribute 50 cents per year.  A TC of $200 is roughly equivalent to the old fixed price SPA.  Thus NIF will  generate similar results with a "reasonable" TC in the range of $200.
BB
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities