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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 > New Quarter - Fingers Crossed on Production Figures
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Comment by Bwrbhkon Oct 11, 2022 5:35pm
111 Views
Post# 35018260

RE:RE:RE:RE:RE:RE:RE:New Quarter - Fingers Crossed on Production Figures

RE:RE:RE:RE:RE:RE:RE:New Quarter - Fingers Crossed on Production Figures Not sure how you calculated the 50 M$ on premiums in a quarter.  Noranda and Glencore agreed to fixed premiums (not market related premiums) and for the last two quarters they were $0.13/lb.  In the 2nd Q they produced 125,636,000 lb. of zinc, which would mean a premium of about $16 million.  I wish that your numbers were correct.
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