Niobay Metals Inc V.NBY

Alternate Symbol(s): NBYCF

Metals & Mining Industrial Metals & Minerals

Niobay Metals Inc. is a Canada-based mineral exploration company. The Company is engaged in the acquisition and exploration of mineral properties. It holds a 100% interest in the James Bay Niobium Project located 45 kilometers (KM) south of Moosonee, in the Moose Cree Traditional Territory of the James Bay Lowlands in Ontario. The Company also holds a 72.5% interest in the Crevier Niobium and Tantalum projects located in Quebec and on the Nitassinan territory of the Pekuakamiulnuatsh First Nation. The Company also has the option to acquire an 80% interest in the Foothills project, a titanium-phosphate project located near the former St-Urbain mine site in Quebec. The QTZ exploration project is northwest of its Crevier property and includes 257 mining claims. It holds interest in an Crevier niobium and tantalum project, located in Quebec, Canada. The Company’s wholly owned subsidiary is Crevier Minerals Inc.

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Niobay Metals Inc

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Post by domaceon Mar 21, 2007 4:48pm

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Post# 12462676

mdn 2007 forecast

forecast 2007 production for mdn is 30%(210,000)=63,000ozs. forecast 2007 net income is 30%(58.3million(=12.5million however there is royalty tBarrick of 50% for gold over $400us= is $100x63,000ozs=6.3million$us($600usforecast-$400ozsx50%) also 3% administration fee for Barrick is 63000ozs x #600us x3% =$1,134,000 therefore net income to mdn is 12.5million-6.3million-1.134million =5.06million $us royalties really hurt. the sooner we get to 500,000ozs the better. please no more bad deals like this,If the price of gold had not risen from $300u.s.mdn would never ever of been able to pay back the debt .

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