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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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Post by HomerAndCompanyon Jan 02, 2017 9:35am
196 Views
Post# 25658866

More TC ?s 4 smelter experts:Zinc @76,81&88 cents in Q1,2,3

More TC ?s 4 smelter experts:Zinc @76,81&88 cents in Q1,2,3 Reports. NIF says that YTD EBITDA was $46 million under the fixed processing fee currently in place. Under market terms EBITDA would have been respectable YTD $35 million for BM, or a less encouraging $2 million for spot.

Factor in 1.15 zinc and BM scenario starts to look very good. Spot not so much as the spread between the two remains very wide.

Obvious questions are: What might be an expected mix of BM & spot sourced concentrate? And at the bottom of a typical zinc cycle how long do spot prices remain heavily discounted relative to BM?

Thanks - & Happy New Year!
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