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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 23, 2012 12:48pm
283 Views
Post# 20636817

RE: Reality check

RE: Reality check

Hi chuck8,

 

you are totally right, PAAs did great harm to Orko Silver. But the thing is, La Preciosa is one of the biggest pure silver properties in the world. The thing is all known and developed projects are exploited until 2020.

 

To say it frankly, I doubt that Orko want to explore La Preciosa further big way. I guess they are satisfied whith that what they have and want to sell it now at the current level of resources with much blue sky potential.

 

My guess is that also Cope & Co. expect and consider a buyout price at least at $5 or $6 per share as fair. They should deny any offer below that because with rising silver prices we also could get $10 in medium term.

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