Noranda Income Fund Unit NNDIF

To Fix or Not to Fix

[schocor]

I am assuming that they WILL spend the money to fix this plant. It is run terribly, but Quebec is a good juristiction for a zinc refinery (electricity) and lets be honest, we are still a better invetment that a mothballed plant in EUropr with their energy concerns. 

$100M required to fix the pot room does not sound like a very "secure" number to me; I have no idea what it will actuallly cost (probably no-body does yet) but I am thinking it will be in well in excess of $100m - not good for us. 

Does anybody  think that they may end up just shuttering CZE? Would be curious to get your thinking on that. 

I am feeling like a bit of a goof this morning for believing this woudl be a good investment after following it for SO many years. Meh.