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Niobay Metals Inc V.NBY

Alternate Symbol(s):  NBYCF

Niobay Metals Inc. is a Canada-based mining company. The Company is primarily engaged in the acquisition and exploration of mineral properties. The Company holds a 100% interest in the James Bay niobium property (the James Bay Project) located in northern Ontario, Canada and holds, through its subsidiary Crevier Minerals Inc. (CMI), the Crevier niobium and tantalum project, located in Quebec, Canada. The James Bay property is located on the traditional land of the Moose Crees, in a Treaty nine area, east of Carroll Township, in the District of Cochrane and 45 kilometers (km) south of the Municipality of Moosonee, Province of Ontario, Canada. The property includes the Crown Mining Lease (#CLM11) and covers a total of 2,530 hectares. The Crevier project is located in the township of Crevier 50 km north of Girardville, in the Lac Saint-Jean region, province of Quebec, Canada.


TSXV:NBY - Post by User

Bullboard Posts
Post by vinoconundrumon Feb 14, 2007 10:39am
196 Views
Post# 12232534

value

valueIt looks like people are starting to wake up to this. Barrick knows that anything under 400million is a deal. Thats $5 bucks and it only accounts for the mine. Who knows what the underground potential is on the other projects in the area. There is no way Barrick want to keep putting money in another companies pockets if they don't have to. Besides this baby is starting to attract attention from others. Until now the royalty and the loan has worked for Barrick but with gold approaching new highs it changes the formula.
Bullboard Posts