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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 > Leverage to zinc prices
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Comment by Bwrbhkon Oct 19, 2021 12:35am
100 Views
Post# 34020931

RE:RE:Leverage to zinc prices

RE:RE:Leverage to zinc pricesThe leverage numbers are easy to check, just multiply the tones of concentrate treated each year by $10.  Noranda treats a little over 500,000 tones of concentrate each year.  $500 TC's is totally unrealistic as it would result in the closure of most of the world's zinc mines,
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