Norra Metals Corp V.NORA.H

Alternate Symbol(s): NRRMF

Metals & Mining Gold

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 carterZ21on Mar 16, 2012 8:21pm

302 Views

Post# 19683750

RE: RE: RE: PAA and the new recourse estimate

Hello all,

Good post jimmyjimmy. I very much agree. The actions of PAA should give us clues as to their possible intentions. Specifically, as you pointed out, PAA's drilling in accordance with AMEC (Denver) in helping determine the optimum location of a proposed tailings site would not be done if PAA had no interest in seeing the project through.

I agree with others comments as well in that PAA will not meet the April deadline and will likely not be in a position to even meet July's deadline. I believe OK is taken out before July by PAA, likely a stock/cash deal. It makes no sense whatsoever for PAA to walk away. I'm sure that PAA is more than satisfied that silver is in the ground at LP. PAA has stated that they wish to enhance their operations in Mexico and have done so in part through the Minefinders acquisition.

I believe PAA's delays are a positive to OK and will only serve as an additional cost to PAA (e.g., higher cost for takeover to retain their interest). As others have said, the pressure is squarely on PAA and time is ticking away. Don't give your shares away at these discounted prices. I've been in this story for about 2 years and plan to hold on for what I believe will be a good payday in the very near future.

GLTA

Carter.

OK is in the drivers

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