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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Comment by blue_seaon Apr 21, 2010 5:20pm

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Post# 17016974

RE: RE: OK Trading

ovis,

OK was forced by the financial market conditions to get in a JV with Pan American Silver. There was no other way to bring La Preciosa further after the worldwide collapse of the financial system.

55% of La Preciosa was a steal for PAA.

You cannot evaluate Orko's share price or La Preciosa regarding to the collapsed stock market because of the financial crisis. For example you could have bought NCU or BAJ for C$ 0.15. Bajas deposit is even a world class deposit and the worth of BAJ share should be 9 bucks, but actually at 0.85 !?! ... that are the follows of the financial crisis. It's hard to finance a big project to incommissioning. The PAA deal was the only walkable way for OK Management ... The PAA deal was necessary to bring La Preciosa further. At better times all would been dealed at higher levels. --> so forget your subjective fair value pricings!

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