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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 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.


TSXV:NORA.H - Post by User

Norra Metals Corp
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Comment by YeOldGoldNuggeton Apr 08, 2011 5:27pm
377 Views
Post# 18407347

RE: RE: RE: RE: RE: RE: RE: RE: RE: Tennis Anyone!

RE: RE: RE: RE: RE: RE: RE: RE: RE: Tennis Anyone!Some of you do seem to be missing the point. While some of us old time investors in Orko make critically sounding remarks we do that regarding the share price, not with the stock itself.

Don't forget the following :

• Share price doesn't factor in an increase in the price of silver.
• Share price doesn’t factor in the resources moving to a higher category.
• Share price doesn't factor in increased confidence generated from a Preliminary Economic Assessment (Q2) or the full Feasibility Study (2011).

Sure you are right, there are hardly any 300%+ buyouts. There is a good reason for that. Most buyouts happen when at least some of the above 3 points have been fulfilled.

So, at around $2.70 now we will get far higher when we get to proven and probable, we will get even higher with the PEA released and we will get even higher when the increase in the price of silver is factored into the share price of this stock.

Nobody would agree to a take-over or a buyout before those 3 points have been fulfilled. So when they are you will surely see a buyout beyond 8$.

In our case, a delay of the PEA is a good thing, at least now they can use more current prices of silver in the release.

YeOld
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