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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.

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Noranda Income Fund Unit > Dutch TTF natural gas 95, Korea/Japan 70

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Post by galvanized on Aug 29, 2022 1:36am

Dutch TTF natural gas 95, Korea/Japan 70

Per oilprice.com. OMG. These are impossible business conditions for any eruo zinc smelter. And it is starting to look a little grim for the ones in Korea and Australia as well.

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Comment by ZincDink on Aug 30, 2022 3:09pm

Yet Korea Zinc reached an all time high. Think conversion works out close to 7.5 B$. Of course Korea Zinc is much larger and diversified, yet we have a valuation which could be confused as fly dung on a spreadheet and Korea Zinc, having some energy issues is over 100x more valuable. The 100 M$ derivative gain, I do expect we will give most of it back, though probably a 25 M$ payout isn't ...more

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Noranda Income Fund Unit