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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Comment by hallidason Oct 02, 2007 8:33am

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Post# 13505890

RE: Royalty payments

From what I can remember... On the 1st 500K oz MDN pays a 50% Royalty over the price of $600/oz. According to a previously released news they anticipate a 200K production year which would put OZ produced at 450+K so by 1st q 2008 that target will be met. After that no more royalty. Any one else got a different interpretation?

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