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Norra Metals Corp V.NORA.H

Alternate Symbol(s):  NRRMF

Norra Metals Corp. is a Canada-based precious and base metals exploration company. The Company’s principal business activities include the acquisition and exploration of resource properties. Its Norwegian assets include the Bleikvassli polymetallic, zinc-copper-lead-silver underground mine project and the Meraker copper-zinc- gold exploration project. It also holds a 100% interest in the Pyramid copper-gold porphyry project located in Northwest British Columbia. The Pyramid Property is located approximately 65 kilometers (kms) north of dease lake in North-west British Columbia. The Company’s Bleikvassli property is composed of last copper-zinc-silver-gold producing mine with across six contiguous exploration licenses totaling 60 square kilometers (sq.km) area in the Hemnes Municipality of the Nordland Fylke Province of Norway. The Meraker property is composed of approximately 21 contiguous mineral licenses totaling 206 sq.km area in the Meraker municipality of Trondelag County, Norway.


TSXV:NORA.H - Post by User

Norra Metals Corp
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Comment by Ihateshareson Mar 27, 2012 3:02pm
409 Views
Post# 19724159

RE: RE: RE: RE: RE: RE: RE: RE: QE3

RE: RE: RE: RE: RE: RE: RE: RE: QE3

Personally, I believe if PAAS wants an extension they will get it and if they get it I would be amazed if PAAS let the exyension expire without producing a FS by the July deadline or by giving Orko what they want.   I would love if Orko refused an extension.  Which basically means PAAS have defaulted on the contract and then it is open season to all bidders.  

If PAAS makes an offer, can others bid??   Why would Orko accept an offer from PAAS before any of the deadlines when failure to deliver the FS would cause a default and we get the project back and can look forward to a bidding war as those on the sideline jump in. 

We owe them nothing, their failure to produce the FS is an obvious ploy to get a deal done without having to give Orkos share price a boost by confirming a mine is to be built. 

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