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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 vinoconundrumon Nov 13, 2008 11:58am
178 Views
Post# 15583622

RE: reserve update for tulawaka?

RE: reserve update for tulawaka?I can't see management paying themselves bonuses with the stock performing like it is. That would just be another sure way to have more of us bail out. So unless thats their objective I cannot see bonuses being an issue at this time. A cheap take over would also put them out of work. Now if they were able to get this stock into the $2.50 + range where it should be they would deserve a bonus. Can you imagine where TNX stock price would be if they had MDN's cash flow. Likely plus $10. Stock prices reflect investment commitment by management and I don't think this management can afford that commitment so MDN is likely their pay cheque. I'm willing to bet there are investors like myself that own more of this stock than they do and we bought it on the open market, these shares were not options. Its a fact of life with juniors. Having said this I still think MDN is a better investment than most juniors out there. Great ground and money to work it. Looking forward to exploration success with this management and Marc's expertise.
Having 1/3 of your money in physical gold/silver remains the true insurance.
Bullboard Posts