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Freegold Intersects 3.62 g/t Au over 42m and 1.23 g/t Au over 170.7m (click to learn more)
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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 > Comparing valuations
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Comment by ZincDink1on Mar 18, 2021 10:34am
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Post# 32825347

RE:Comparing valuations

RE:Comparing valuationsShould note that you can't use the equity on the balance sheet as Glencore took massive impairment charges. MV/equity ratio is less than 0.2. Note that Zhuzhou recently close the old refinery and opened a brand new one, so they carry a lot of debt right now.
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