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Noranda Income Fund Unit T.NIF.UN


Primary Symbol: 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
Post by galvanizedon Nov 27, 2014 10:20pm
242 Views
Post# 23172518

Land Value

Land ValueThey build this plant in 1963, I think, so I would assume the land value on the books is from then... 50 years ago. Its a big site, near montreal with a tide water ship's birth and a rail spur. So... even if they close it down, the land has got to be worth a lot.
Bullboard Posts