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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 Jul 22, 2022 1:13pm
97 Views
Post# 34843691

RE:RE:New Nif.Un target Price: $32.86 USD

RE:RE:New Nif.Un target Price: $32.86 USDNot silly, just very unrealistic.

When they replaced Zhuzhou plant, similar in size to NIF, they did it for about 800 MUSD back in 2019. So that is what it roughly costs to build a plant from the ground up.

I have always argued that the plant is at least 50 % of replacement cost. Mr Market has argued the plant is worthless as China owns the market. Their opinion is winning for now.

I just want them to start paying a decent dividend again. Off the top of my head figures, they should be pulling in between 25 to 50 M$ per Q.

In my world, this should be a 10 bagger, but easily a 5 bagger. Now that we are seeing that electricity prices have been artificially low in most markets, its time for NIF to shine.
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