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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 freedom100on Apr 07, 2011 7:42am
478 Views
Post# 18397601

RE: RE: RE: Cash may become a serious issue

RE: RE: RE: Cash may become a serious issueI have only been involved with MDN for the past 6 years but all I've seen is this management constantly devaluing this company. They just can't seem to get it together. The way I see it they have been using the company for a paycheck rather than trying to build value. Their rare earth idea is just another one of their dumb ideas. They cannot afford to put that mine into opperation unless they dilute this stock to 20 cents and then it will fail because the grades are not good enough and the mining costs will be to high. Why do you think the previous owner dumped it. They saw that MDN had money and new this management could be talked into buying the Golden Gate Bridge. The rest of the story has been told, we sit at <40 cents with a dying producer and nothing in the wings but more field expenses and head office salaries.
Bullboard Posts