Noranda Income Fund Unit NNDIF

RE:RE:RE:Zinc Premium about 40 cents per pound

[schocor]

i think noranda just uses the hedges to cover the cost of the contained  metals that rhey have to pay to the concentrate shipper upon delivery; the hedge secures the cost per pound between the time it is purchased from the shipper  and processed by noranda. 

all that to say the hedge gain/loss is  really is  mark to market mechanism that averages 0$ by design over the long term. that was my understanding anyhow. 

this is a perfect time to operate a hydro electric zinc smelter and we shoukd be printing money; we just need to produce.