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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 pierre013on Apr 25, 2012 4:08pm
253 Views
Post# 19835766

RE: re:RE: RE: RE: RE: Insiders still buying

RE: re:RE: RE: RE: RE: Insiders still buying

Hi Joystick, I don't know if I'll make it this year. I work abroad presently and I don't know exactly when I'll be back to Canada. I can tell you that almost nobody had benefit from their options in the last 10 years. The price of exercise was too high. You can check this info. at the AGM with the oldest board members.

Like you, I have been in this stock for a long time and had accumulated during the last 15 years depending of the ups and downs. For now, we seem to be in the lobster cage. Patience is the name of the game here. Before the end of 2012, I see 4 possible avenues. ABG hits hard on Tulawaka like the last holes we have seen in last P.R. MDN hits hard on Ikungu or Nikonga or both and MDN finds a partner for Crevier. Like I said in my last post, ABG is digging a 2nd ramp to raise the production at Tulawaka. They know what is under the East zone. Contrarely to an exploration company, they don't have to publish results because they are a senior producer.

The signature of Ikungu is becoming larger and larger at each time they drill. They need a couple of long holes with interesting grades and you will see the market to come back alive.

For Nikonga, it seems to look like Tulawaka, high grade at the surface owned 100% by MDN.

I can still wait the time it will take to get this stock at the target I got in my head.

It will be nice if you can comment after the AGM.

P.S.: 2 of my stocks (gold and copper) went in the penalty box this week. MDN is not alone to be hit.

Pierre013

 

Bullboard Posts