Noranda Income Fund Unit T.NIF.UN

RE:RE:Opened OTC position

[petersburggray]

China has issue with enough electricity too which is hurting industry, though issue not self inflicted wound like Europe, given eu Russian sanctions, since China now importing previously embargoed aussie coal. Circling back to cezinc smelter, I was impressed with level of disclosure reading most recent md&a on sedar. Much greater level of detail vs. what I recall was imo very opaque disclosure in past. Fact that cezinc generally pay zinc mine for only85% of contained zinc in concentratewhen recovery is 97% mean cezinc get money for nothing. I always knew smelter has mine that produce con over a barrel but never realized it was this bad. Keith Neumeyer say he only buy mine that produce dore, now I got smelter numbers to back up his reasoning. Also i don't recall hunderds of tons per quarter of copper cake ever being disclosed by cezinc as byproduct either. What about the silver byproduct contained in zinc con? Is silver contained in zinc con one of the "impurities" mentioned in md&a? Where is accounting in md&a of this silver byproduct?