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Niobay Metals Inc V.NBY

Alternate Symbol(s):  NBYCF

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.


TSXV:NBY - Post by User

Bullboard Posts
Comment by vinoconundrumon Nov 13, 2008 11:58am
179 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