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.

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Noranda Income Fund Unit > Q1

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Comment by ZincDink1on Apr 29, 2020 6:22pm

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Post# 30968784

RE:RE:Q1

If I had a nick;e for everytime I think this company might reach a fair valuation.

Lets see, back in 2009 its lowest price was 1.45. Since then, they expanded capacity, paid down debt. A plant that would cost over 1 B$ to build from scratch is now worth almost 1/20 of the price. We are able to source concentrate freely and finally are getting a fair treatment charge.

Its bullshit. I am buying more tomorrow.

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