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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
Comment by scout14on Mar 20, 2008 7:21am
137 Views
Post# 14752454

RE: 1st quater

RE: 1st quaterManagement has not released any information on the mine activity in months. It would be nice if they would keep investors informed of their ongoing relationship with Barrick and provide updates on any pertinent mine activity they receive(or can't receive) from them. For instance, has there been a recent distribution and if not, when may the next one be expected? The amount of the distribution is the key sign of the mine performance. I think this partly explains the Company share price reducing as the price of gold increases. Instead, management keeps acquiring new projects that I feel will confuse investors interpretation of where the true value of the Company is.
Bullboard Posts