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Noranda Income Fund Unit 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 > TDW adopts realistic outlook...
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Comment by Bwrbhkon Oct 26, 2022 9:33am
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Post# 35049271

RE:RE:RE:RE:RE:RE:TDW adopts realistic outlook...

RE:RE:RE:RE:RE:RE:TDW adopts realistic outlook...If they spend $100 million to replace the cell house, it will be the lowest cost zinc refinery in the western world and probably lower cost than many Chinese refineries.  The major uncertainty is how do they raise the $100 million?  Loan from the Quebec government, a rights issue backstopped by Glencore, etc.
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