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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.


TSXV:NBY - Post by User

Niobay Metals Inc
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Post by siIverBullon Mar 03, 2010 5:16pm
733 Views
Post# 16839981

anything below .5 is a buy IMO

anything below .5 is a buy IMO

Serge Savard bought 34500 shares at .48

book value per share in latest presentation .49

Tulawaka Mine

2010 outlook
For the 2010 fiscal year, the mine operator is forecasting a production of 76,736 ounces of gold after 93% recovery (419,078 tonnes @ 6.12 g/t Au) at a total cash cost of US$549 per ounce.

cash flow positive, est q production 2010 net to MDN 5755 oz (i think the est. is conservative)

Gold 1000 means 2,59 m USD

Gold 1050 means 2.88 m USD

Gold 1100 means 3.17 m USD

Gold 1200 means 3.74 m USD

etc.

If you do believe in rising Au-price you get a cash flow positive exploration/development/ production company having 23m CAD cash on hand, the Anita project (up to 75%), great explo potential in the Tulawaka region.

https://mdn-mines.com/pdf/presentation/MDNCorpPres022010.pdf

what else do you want?

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities