OTCPK:NNDIF - Post by User
Post by
schocoron Oct 26, 2022 12:52pm
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Post# 35050357
Is a Turn-around Possible? My Thoughts
Is a Turn-around Possible? My Thoughts I am QUITE underwater on this stock after the cell house news, and I have very little faith in the company or its management from an operating perspective.
That being said, +$100M investment in this plant would likely make it a VERY efficient operation vis a vis other smelters in the world. Building new smelters is difficult and expensive; seems to me that investing in an overhaul in Montreal might be one of the better brownfield expansion projects in the zinc refinery industry.
Where does the money come from? Good question. Caisse seems to be a popular place to look; and this is definitely in their wheelhouse. We have also had financing arrangements for a zinc stream with basecor (now Sandstorm) in the past. I am cautiously optimistic about them being able to find the money.
Thoughts?