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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 20, 2011 2:38pm
570 Views
Post# 18463073

RE: a one day wonder

RE: a one day wonderWe haven't even reached the 38.2% retracement on the Fibonacci chart.

A 38.2% retracement would take us to $2.92.

Right now we are still hovering between the 23.6% and the 38.2%

So consolidation wise this is nothing.

I drew the chart at the beginning of the rise on April the 13th all the way up to the high.

So nothing wrong here. Normal consolidation after a big rise (from $2.53 to $3.17)

That is a 25% rise. And the drop we had now is just from $3.17 to 2.98 which is a 6% drop so I don't really understand the big deal.

YeOld
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities