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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 Ihateshareson Nov 27, 2012 10:40am
342 Views
Post# 20648674

RE: RE: RE: Royal Flush?

RE: RE: RE: Royal Flush?

They has $11-12m in the bank which is more than enough to get them through the PEA at which point the PEA will recommend what would be required to get over the next hurdle, pre-FS.  If there is a recommendation for a lot more drilling to further increase the resource then they may have to raise.  I would have thought that drilling for pre-FS is the last thing on OK's mind if you believe the recent hype.   

OK is not a junior exploration company looking to raise again to have another roll of the dice.  To run out of money you have to have no access to further cash, in the unlikely event that OK have to do a small fund raising I'd imagine there would be no shortage of takers.

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Dealroom for high-potential pre-IPO opportunities