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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

Bullboard Posts
Post by blue_seaon May 02, 2012 1:17pm
442 Views
Post# 19862177

PEA isn't the big deal, 175,000,000 ounces are

PEA isn't the big deal, 175,000,000 ounces are

I don't know why people are without any patience at the moment. Nothing has changed since the recent start of the stock price to go back to old highs!

The new PEA is now scheduled for August or September.

But even when we have to wait a little bit longer, the new PEA isn't the big change. The real strong engine to drive the price further will be new drillings to get the whole 175,000,000 ounces silver into the NI43-101 status. When this will be reached and Orko is holding 100% of La Preciosa this project will be worth beyond 10 bucks.

 

Don't forget the price of silver, who will tremendously rise over the next years because all known silver deposits will be exploited until 2020. The run on silver deposits will start soon enough and La Preciosa is a world class deposit.

 

Unfortunately this stock still will be the playing field of daytraders and shorters - for a certain time. Someone has just to launch the rocket, the true worth of La Preciosa is known, just needs to be confirmed by further drilling and evaluation. By the way PAA confirmed the former drillings of Orko in their releases. PAA was in need for a productive mine right now because the ran out of precious metals. Also EDR is behind productive mines, they want silver right now. Just wait when productive silver mines will be not to aquire soon and the big players will need big deposits, then La Preciosa is one of the best deposits available.

Bullboard Posts