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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
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Comment by Bigbird999on Nov 27, 2014 3:08pm
178 Views
Post# 23171165

RE:Possible Glencore Strategy

RE:Possible Glencore Strategy
Totally agree...

If Glencore could get rid of all of us pesky priority unit holders they would have 100% of the smelting earnings ($70 million) and 100% control of one of the most efficient Zn smelters with the lowest power cost, on the planet.  To think they could end up buying a smelter with a replacement cost of $500 - $750 million for $80 - $150 million boggles the mind.

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities