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Noranda Income Fund Unit 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 zaphod77on Jan 15, 2015 10:29am
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Post# 23322768

RE:RE:RE:Why?

RE:RE:RE:Why?If zinc price is irrelevant, why is the value of their inventory (both concentrate and metal) directly tied to the price of Zinc?

I understand they get paid a processing fee, but Zn price as well as Revenue from Zn Sales are directly referenced in earnings reports...

I'm not saying you're wrong, but there's something I'm missing here so please explain.
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