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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Comment by Bigbird9999on Sep 21, 2017 5:10pm

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Post# 26728024

RE:RE:RE:RE:Cross?

LME Zinc is $1.45 today. Woods Mackenzie has just predicted $1.75 for next year. I suspect that has a lot to do with today's SP bump. At full production, the bump in free Zn revenues is about $7 million for each 10 cent increase in Zn price.

I still wonder how they are able to sustain production at 50% - 60% with management only. It has been 7 months of working 60+ hours a week for the 100 or so key people that know how to operate (or have the necessary tickets and certification) to operate the plant. I am sure they are being paid double salary but after a period of 60 - 80 hours per week of shift work they must be getting burnt out.

I expect something will have to give soon.

BB

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