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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
Bullboard Posts
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(16)
•••
Comment by borne2runon Feb 04, 2017 10:10am
238 Views
Post# 25799305

RE:RE:RE:RE:RE:RE:RE:RE:RE:Just walk away ...

RE:RE:RE:RE:RE:RE:RE:RE:RE:Just walk away ...
BigBird, I have calculated a net cash position for the last several years
This represents the cash that would be left after converting working capital to cash and paying all debt and other obligations.
The Net Cash was negative 60 million at the end of 2011.

Working Capital
Minus
(All Debt + Pond Rehabilitation + Employee Benefit Liability)

As of Q3 2016, this Net Cash figure was over 63 million (1.28 per share)
So, over a period if 5 years, the company generated enough cash to pay dividends, capital expenditures and increase its net cash position by over $120 million.

The Market is valuing the Land and All fixed Assets at about $12 million
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities