Noranda Income Fund Unit T.NIF.UN

RE:RE:Re: CAREFUL

[Bigbird999]

Due Diligance for sure..... And I totally agree that preservation of capital is important.   But I disagree that it is a gamble rather than an investment.   I don't see how this is any more of a gamble than buying one of those blue chip energy companies that lost 30% - 50%  of their value when the oil slick hit the market last Nov - Dec. 

At the end of the day it all comes down to whether or not you believe that the plant can operate profitably when the supply agreement ends.  Anyone following this board knows where I stand on this........ This will be one of the last Zinc plants on the planet to shutter. 

I totally agree that it is not a sure thing....... The market makers and manipulators might somehow drive this thing into the ground (very unlikely in my  view) or some unforseen event could occur (like an economic collapse or an asteroid strike).......And that is why I haven't bet the whole farm. 

In my view it is an investment that will return ~$1 in dividends over the short term with the potential of a double up (>$5) cash out price.  If some unforseen event does occur, the land value and liquidation of inventories should be greater than the current share price to preserve the capital.

BB