OTCPK:NNDIF - Post by User
Post by
rjk1234on Jan 10, 2023 10:52am
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Post# 35213322
lowball offer
lowball offer We need four new truly independent trustees!
Glencore’s offer of $Cad 1.42 per NIF unit puts the value of the CEZ smelter facility at $Cad 71Million. Considering that its replacement value is of order $1 Billion*, the CEZ smelter is of much greater value to Glencore than $71M. It is strategic to Glencore’s business: after all, world industry needs zinc metal, not zinc concentrate!
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* per NIF MD&A for Q4 2021 the 2020-21 expansion project to expand the CEZ plant capacity by 20,000 tonnes to a total of 290,000 tonnes of zinc per annum is estimated to cost $US 38M or about $Cad 53M. This indicates that the overall facility is worth at least 290/20 x $53M = $770 Million plus value of land etc.