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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 > Comparing to China smelters
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Comment by Finalsayon Nov 28, 2020 6:03pm
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Post# 31995526

RE:Comparing to China smelters

RE:Comparing to China smeltersI dont understand how they can simulatenously justify, or rather, enthusiasticly describe an upgrade to the plant where we are paying $2000 per additional tonne of annual production when the plant is currently valued on the balance sheet at 117,791,000 / 270,000 tonnes = $436 to $453 per tonne. I wish management would help me connect the dots here? 
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