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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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Comment by blue_seaon Nov 15, 2012 2:38pm
254 Views
Post# 20606013

RE: RE: RE: RE: Another quick comparison

RE: RE: RE: RE: Another quick comparison

People in the bullboards have to drop the idea that a takeover bid has to be connected to the price of the shares. In times where the whole market is such a mess it doesn't count, really. Theoretically every stock could be manipulated down and then one could say, oh, we pay a premium of 45%. But that is irrational when the worth in the ground is 5 times higher as a takeover bid under the mentioned scenario.

 

This stock could also justifies a price up to 10 bucks per share. Like I said before, reminds me all at Consolidated Minerals. Guess it was in 2007 or 2008 when their price was down far below any worth. Then a takeover bid was spoken out, double of the price, then 2 other parties also spoke out bids and at the end I guess the price went up 300 percent.

 

But also from the current level, also 300 percent would be no fair price for Orko. Anyway, no businessmen would sell a property for some bucks when it is worth far more. The silver is in the ground and will be still in the ground when the price of silver is much higher as in a seasonal shake out. Why not wait 2 years more when it is worth to wait?

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