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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 Jan 31, 2009 2:48pm
253 Views
Post# 15742804

RE: Your real funny

RE: Your real funnyI wouldn't pay to much attention to phirang as he often doesn't know what he's talking about. Getting out of Eriterea was a smart move. Sure some companies are still getting led down the garden path there but they should look at Venezuela and Crystallex - Free Gold to see where they will end up. Once they have committed millions and try to actually get gold or money out of the Eriterea it will be another story. We were damn lucky to get away from the GBS deal as unscathed as we were. I think we made a bad investment in Quebec regarding those base metal projects but that was then and base metal prices were flying so we can't really hold that against management.
My main beaf with management is their very poor tack record when it comes to promoting this company. Being a no debt gold company like this, considering the ground we have and the money in the bank, 0.56 cent SP can only reflect negatively on management. When you see all other gold juniors moving up in the same environment, often with worse asset value you know that we are lacking promotion skills. I keep thinking they will aquire these promotional skills, but to date remain disapointed. I'm in this and staying in, at least unitl the AGM,  because I think when it does go it will fly and its assets are so good it will fly even with the present managements lack of skill in the field of promotion. Fortunately I am doing well enough in gold and other gold stocks to finance my patience here. I'll wait for the $3.50+ payoff. I does bug me a bit that the insiders do not own more stock and it is likely the very reason they don't care about promoting all that much.  Does anyone know if any of them have ever bought any shares the open market or have they all just been options and bonuses.
Could be an interesting 1st week in February coming up.
Bullboard Posts