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 tim_kon Feb 28, 2012 1:16am

350 Views

Post# 19595847

RE: RE: RE: RE: RE: RE: Reason for rise?

The last line states

"Hochschild has set a $90 million exploration budget for 2012, an increase of 29% and the largest ever for the company."

This leads me to believe the poster bringing up the last line would think that $90 million would be used for a buyout.

Assuming they don't do any exploration on existing properties and given orko has about 142 million shares outstanding ... if they were to use all $90 million to buy Orko, that would equate to $90/142 ~
.63/share. Just saying it would tak a heck of a lot more to buy us out, so the $90 million isn't much of a tell at all.

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