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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

Norra Metals Corp
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Post by blue_seaon Sep 21, 2012 1:04pm
534 Views
Post# 20396583

Just a calculation

Just a calculation

Okay, back and ready for the TSX Casino - let's make a calculation again

Total Indicated Resources : 110 Moz AgEq indicated mineable with open pit

?Metallurgical Recovery 86% : 110 x 0.86 = 94.6 Moz

Cash Cost per Ounce : $11.84 (Page 17 of the old worst case PAA-PEA - my guess much to high)

?Silver Spot Price : $34.70

Value Silver after cash costs : $34.70 – $11.84= $22.86

?Value of silver : $22.86  x 94.6 Moz = $2162.556 M

?Orko Shares Outstanding : 142,1M (fully diluted, look at their website)?

Value (Value silver/Shares) : $2162.556 M / 142.1 M = $15.22

 

Tell me if I'm wrong ;)
& Inferred is another 127 Moz, but at this point of time they are not in any calculation

once again, I don't know why I cannt embed that damned vid :(

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