Noranda Income Fund Unit NNDIF

TC ? 4 smelter experts:Quarterly presentations quote BM&Spot

[HomerAndCompany]

For Q1, Q2, Q3 as ($193 BM, $137 Spot), ($197 BM, $129 Spot) and ($207, $119 Spot).

I found it interesting that BM is drifting higher while spot is moving low over the first 3 quarters.

Intuition might have suggested that the market would tend to move them in the same direction - anyone able to get their head around this enigma?

Thanks!