Norra Metals Corp V.NORA.H

proposed plans and comments of options

[caffee]

It is good to see so many interesting comments on this board from knowledgable pm investors. This is a good BB, even if it is not as busy as some others. If I might add MHO on Orko.......At the AGM, the explanation of the granting of options will have to be very compelling in order to receive shareholder approval, until then there is nothing that is unusual for a junior explorer. That is not saying I like options granting or support the plan. Options are really a "free call" on shares. I was part of Wheaton River with the "King of Options - Ian Telfer" who generously granted options for all insiders on regular basis. However, we went from a .50 shell company to $4.60 buyout from Goldcorp, so my investment performed well despite the overgenerous behaviour of mgmt. With no cash flow or salaries to speak of, options are par for course with tiny juniors, it is just how much, when and at what price that is debatable. Personally, I would always like minimal options and priced higher than market price, which gives incentive to mgmt to build share prices with constant effort. The timing of this proposal is interesting and warrants some discussion at AGM. Does mgmt have clear idea of what drilling to date means? IS the new resource calc so good that they feel 100 million ounces are "in the bag?" Are they using other 100 million deposits as benchmarks? Do they plan to exceed shareholder expectations? Is the Santa Monica/Goldcorp property so promising that they might have another La Preciosa? What do they envision or know about future that makes them confident about granting a generous options plan? Once they get to 100 million oz, If the market cap at that point matches other similar shares like ECU, then that would put share price at $4 - $6 ? Matt makes good point about SSO and their business model. Another pm share ( I also own ) with few S/O and similar model is Seabridge. 34 million S/O with only 1.5 million options out and more gold in ground than many producers. Orko is not IMHO going to be a Silver Standard or Seabridge, which are PM banks in a way. both have share prices commensurate with their excellent mgmt and long term plans. I view Orko along the lines of Wheaton River, or ECU. All situations in mining are different MHO. All I can take away from this today is that the fundamentals are positive with silver prices, drilling progress and strike being open in all directions,so La Preciousa looks very good. Also along with good potential at Santa Monica. Technically, the chart is very good and suggests we will make a run for .80's to .90's soon. If these things change.............hey, I am not married to Orko, so will act accordingly. cheers