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 vinoconundrumon Mar 16, 2009 11:46pm

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Post# 15848549

RE: re: take us out

It would make sense for TNX because they need the cash flow to work their projects as I'm sure Jim is getting sick of pumping in millions. This gives them a few million dollars for next to no shares at their present price of $5.30. Dilution to them is just about nothing and adds a huge asset base for them. Based on MDN management performance it sure can't hurt MDN either and may help. Jim also has experience working with ABX and I'm sure he wouldn't let them pull the wool over his eyes again.

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