Norra Metals Corp V.NORA.H

Alternate Symbol(s): NRRMF

Metals & Mining Gold

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 the last copper-zinc-silver-gold producing mine across six contiguous exploration licenses totaling 60 square kilometers (sq.km) of 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 in the Meraker municipality of Trondelag County, Norway.

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Norra Metals Corp

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Comment by Tibberon May 08, 2006 12:28pm

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Post# 10810375

RE: OK so what's the upside??

General rule of thumb for silver in the ground is $2.00 to $2.50 per oz. Is that general rule at current prices or historic prices (which are much lower). IMO, the more resource that gets proven up the higher the potential price per ounce. Also if they prove up 100 million oz. and the veins are still open in all directions, the property would likely sell at a premium. What about the price of silver? we could easily see $17-$20 per oz by the time OK get taken out. Yes there's a lot of "IFs" but the potential is definitely there.

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