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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Post by Ihateshareson Apr 11, 2012 1:05pm

601 Views

Post# 19781104

No Surprises There

As we have been saying:

1. Underestimated resource.

2. Overestimated mine building costs.

3. PAAS with insufficient funds to complete any sort of deal, hence they did not even bother to make an offer. PAAS board meeting can we suffer more sp dilution - Ans: No.

My take is PAAS had to put that comment in in relation to not meeting their investment criteria, to allow PAAS an exit strategy that would save face, in return I bet PAAS said they would hand over every piece of mining data for the project.

It should not take too long for investors to understand there is absolutely nothing wrong with this project. Smart money getting in now.

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