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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 > New Flash report from TDW
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Comment by schocoron Jan 11, 2023 1:14pm
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Post# 35216205

RE:RE:RE:RE:New Flash report from TDW

RE:RE:RE:RE:New Flash report from TDWYour question is a good one Eric; and to be honest I am not really sure how I can up with that figure.  Numbers are funny that way sometimes but I will try to examine my thinking. 

Refurb (100M) +debt (130M) + equity (???) = total value of the smelter

I bought this stock because I dont belivee the world can build anymore/many-more zinc smelters. Electricy cost and NIMBY my reasons for saying this. As such, the stock of smelters should appreciate; double that for those that are on hydro-eoectricity. 

$2.25/share woudl value the equity piece of my above equation at $115M; and the smelter at $345M. As I look at this equation, I believe I am still undervaluing this smelter quite a bit at $2.25. 

Perhaps a smelter value of $500m is more appropriate  - and that would drive an equity valuation portion of $270m or $5.30 a share. 

Enough mental masturbation for me for the day. I guess I have convinced myself that even at $2.25 I would not entertain a takeout offer. BRING IN THE NEW DIRECTORS. 
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