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News Focus
Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (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 > Noranda Outlook
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Comment by ljp0101on Aug 16, 2022 7:44am
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Post# 34898620

RE:Noranda Outlook

RE:Noranda OutlookNIF is sitting on a huge hedging loss in Q3 even with the price move today. TCRCs don't really matter quarter to quarter.

Book value isn't synonymous with liqudiation value. Book is on a going concern basis and doesn't reflect the cost of shutting down CEZ, which management has suggested is substantial due to environmental remediation. I'm somewhat skeptical of this argument but it's one of the ways Glencore justifies earning a poor ROIC to independent directors.
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