OTCPK:NNDIF - Post by User
Post by
rjk1234on Jan 22, 2023 3:49pm
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Post# 35238716
Value of the NIF land
Value of the NIF land According to the description of the NIF business at the URL
https://www.marketscreener.com/NORANDA-INCOME-FUND-1411009/company/
“the Processing Facility ..... is located in Salaberry-de-Valleyfield, Quebec, ......... on an 820-acre site situated on the St. Lawrence Seaway”. At
https://www.realtor.ca/real-estate/25006261/ch-du-canal-o-salaberry-de-valleyfield-saint-timoth%C3%A9e
a parcel of about 80 acres of vacant industrial land in the same area is listed at $20 Million. That suggests that the NIF land is worth roughly $200 Million. Per the Q3-2022 NIF balance sheet Residue Ponds rehabilitation liabilities stand at about $US 20 Million, so net value of the NIF land would be roughly $170 Million or $3.40 per NIF unit.