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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 > New Stream Agreement
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Comment by ZincDink1on Jul 27, 2020 10:46pm
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Post# 31328424

RE:New Stream Agreement

RE:New Stream Agreement Interesting. Unusual to mention before the quarter release, so maybe this quarter is worse then I thought.

Strange that GC hasn't taken us over and appears to want to continue to diversify risk. The potential sounds great, but the devil is in the details.

Overall, sounds like the concern over obtaining zinc concentrate is no longer.

The asset has been foolishly priced for so long, its tough to say what the market will think - they will probably yawn and do nothing. Overall, I think this is great news that they think expanding the plant by another 20 % is doable.
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