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Noranda Income Fund Unit T.NIF.UN


Primary Symbol: 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 ZincDinkon Feb 22, 2022 11:29am
82 Views
Post# 34450344

RE:RE:RE:RE:The Boliden Odda "Green Zinc Project" conundrum

RE:RE:RE:RE:The Boliden Odda "Green Zinc Project" conundrumI think we all know the replacement cost on the mill is over 1 B$ and in most sane worlds would be valued at least half the replacement cost unless investors truly believed this would be orphaned.

Who might go against GC?...Trafigura might. They stole Nyrstar, which isn't looking like it was the steal of the centruy now. If you were a concentrate supplier who doesn't like paying excess, maybe you would look at NIF as an opportunity. Probably an extreme longshot, but last year, I didn't see the closure of other refiners due to energy costs.

Now war is back in Europe, what whill happen to energy costs? I think some Russian minister suggested Europeans will look at 2,0000 Euros per 1,000 m^3 of NG (over 10x NA spot price). Dosen't look like energy costs will drop anytime soon.
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