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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 > Reserves
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Comment by Northforce13on Feb 25, 2020 10:49pm
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Post# 30733743

RE:RE:RE:RE:RE:RE:Reserves

RE:RE:RE:RE:RE:RE:ReservesFurther if you took a look at the evolution of their balance sheet over the past 20 years, as of 2009 when they decided to pay down debt, the balance sheet strengthened by an incredible 200 mil CDN from 2010 to today. 

You can see this if you assign a value of zero to the PPE for all years, thereby allowing you to see how the balance sheet evolved excluding PPE.
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