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Noranda Income Fund Unit 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 rdwwwon Nov 13, 2014 7:35pm
308 Views
Post# 23127125

RE:RE:#s

RE:RE:#susing Benchmark EBITDA(9mths) $37MM , add in the $5MM+ they lost USD hedging (or not) and $18MM from div and then your up in the range of current EBITDA using Glencore as the cash cow mkt has already discounted no Div, Id say, which then has NIF operating along the Benchmark guidelines. So we are left hoping that they can come up with better than benchmark pricing in 2 years It is interesting how its taken 3 days for this news to sink it this far one would have thought the plug would have been pulled after the conference call
Bullboard Posts