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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
Comment by blue_seaon May 16, 2012 1:05pm
282 Views
Post# 19916273

RE: Gary Cope should leave

RE: Gary Cope should leave

"Gary Cope should leave?" ... just think about it twice ... take this managment out of the game and you will have a hole envelope of a management, Cope is the heart and motor in combination with Devji and Cavey. When you rip out the heart what will be left? ... a new management with no connection to the project.

 

2008 this management made the right decisions because there was no money on the market available to bring La Preciosa further. Later it became clear that Pan American wanted to take over this project for almost nothing so the management of Orko showed strength and blew off the deal with PAA, PAA's statement was a travesty and showed just their unability to have the money for LA.

 

Don't forget this management is a topp management to explore. Just look at companies like Baja Mining and you will see what can happen to finance a project in this times and market conditions. Or look at Revett Minerals, Rock Creek will become a big copper and silver mine over many years but that is the music of the future and does anybody care about this outlook right now? No, the share price of RVM is down.

 

So don't call to fast for another management when we are still in the game and better as before - the problem is the market, nothing else. It's May, the stocks will be further under strong pressure, the banksters will trash the market and the share prices to new all time lows, that is their plan to buy in cheaper as ever before - and easy to realize.

 

Their are no many other projects like La Preciosa available. It will attract a buyout sooner or later. But again, under the current market conditions Orko's management should also deny a buyout offer when it will be a cheap one. Is Orko's management responsible for that. No.

 

I've met many members of management teams, there were business frauds and liars, and there were the ones who try to realize a big project knowing it's a risky and stony way. Both, the management of Revett as well as Orko's management looked to me as very realistic and "hard working" people ... and, you will laugh on that in this case also reliable. Do you think that new ones, the typically Mount Kellett like businessmen-style managers would do a better job? They just would fill their pockets ... they are not connected to the project from the roots to the (hopefully happy) end.

Bullboard Posts