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 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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Post by Goldbug317on Sep 30, 2007 11:26pm

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Post# 13497670

this is what the deal is......

The stock was halted for the release of the updated 43-101.... safe to say that the resource will double.....70mm ounces However....the market knew this, hence the action as of late One could argue that the updated resource has been priced into the market already......100% bounce in the last month on the other hand....the market has been valuing OK's ounces at about 2.30......so with 70mm ounces we should still trade for 1.60 a share if the market cotinures to apply that valuation... Markets also like to sell off on news......so......flip a coin......do we add 30 cents.....or drop 20..... I think its a 2 dollar bill on this estimate alone....but i never argue with market physcology....we will see.....

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