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 mtsuiton Oct 22, 2008 12:16pm

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Post# 15540335

RE: grades are down

They don't give out enough info to make that interpretation.

I think the full year production target was only 180,000 ounces and that has already been exceeded.

My understanding is that the mill has been blending very high grade underground ore with low grade stockpile.

Perhaps more stockpiled material has been used so that overall ounces are ahead of budget, but average grade declined from 1H08. Just a guess.

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