Norra Metals Corp V.NORA.H

RE: RE: RE: PAA Just Played ONE Important Card!

[tast22]

There seems to be a new normal out there when it comes to valuating juniors, probably due to market uncertainty, especially in commodity markets. I doubt that in this climate bigs will be willing to overpay and are more likely to go low. Would $4.00 constitute a hostile bid? Possibly, but management must be reasonably certain others will pay more. No doubt Orko as it stands now is undervalued but so are thousands of other juniors if this is the case. Will this situation continue or is this the plight of mining juniors for years to come?

I for one have taken off the rose coloured glasses and would consider a double a pretty good return- but  my average buying price is just over $2.00. For those who bought at $3.00+, the picture is decidedly different.