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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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(18)
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Comment by fishbeeceeon Feb 18, 2015 5:52pm
160 Views
Post# 23441359

RE:RE:RE:RE:Holy Smokes! Another dividend.....

RE:RE:RE:RE:Holy Smokes! Another dividend.....Just to clarify, are you saying that their cash flow is +/- 90 million? That would put price to cash flow at almost one and EBITDA is almost the same with mkt cap at 94 million. How much will this change when current supply agreements end and (If supply can be found) they have to source supply on the open market. My other nagging question is Where would Glencore get the zinc refined. Is there a lower cost processor? Closer geographically? Like I have said I have owned this now for two years and I just can not get my head around this valuation. Fish On!
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