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Noranda Income Fund Unit NNDIF

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

Comment by ZincDink1on May 04, 2020 5:00pm
136 Views
Post# 30985375

RE:How low could it go?

RE:How low could it go?Trying to figure this out. Reviewd the annual reports to understand. For some reason, I thought they had only done an asset impairment of 80 M$ when its actually closer to 125 M$. That would be closer to the 300 M$ the plant has typically been valued at.

So, if the company is broken up and sold, I think we are worth at least 250 M$
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