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Wolfden Resources Corp V.WLF

Alternate Symbol(s):  WLFFF

Wolfden Resources Corporation is a Canada-based exploration and development company. The Company owns a 100% interest in the 7,135 acres Pickett Mountain Project in Maine, United States, which is an undeveloped VMS deposits in North America. The deposit is situated 85 kilometers (km) (53 miles) west of the Canadian (New Brunswick) border. It owns 100% interest in the Rice Island Ni-Cu-Co deposit in Manitoba. The property containing the flagship Rice Island deposit comprises 2,611 hectares and is located in the Snow Lake-Flin Flon greenstone belt, five km from Hudbay’s Snow Lake concentrator and associated mining infrastructure. The Nickel Island Property comprises of 6,041 hectares and consists of four mineral claims (MB11932-MB11935) totaling 700 hectares and mineral exploration license (MEL No. 1044A) totaling 5,341 hectares. The Tetagouche property comprises approximately 16,000 hectares in the heart of the Bathurst Mining Camp in northeastern New Brunswick.


TSXV:WLF - Post by User

Bullboard Posts
Post by rabiion Nov 05, 2003 9:07pm
231 Views
Post# 6609709

PRICE TARGET

PRICE TARGET from the rabii will be hit soon.Some thought my 6 bucks was out to lunch.Lots has happened since my calculations were done a while ago.As for rocknocker,I have been been silent on the wolf as I have been on the buy lately.My numbers were based on a gold price of 365 US and my copper numbers based on 81 cents.Since the Wolfden website has been updated,lots has happened.I think that the ore in the ground at High Lake is worth 17 bucks a share itself.After mining,shipping and costs I would guess that a major would pay 7 bucks alone for High Lake as copper is at .95 now.High Lake is a huge money maker in my opinion,if the big drill hits a few more holes,8 bucks is not far off.The golds are worth a minimum of 3 bucks in my opinion,based on no further finds or acquisitions.Therefore I feel 10 dollars is fair value.Since no majors will pay fair value,I feel a 25% reduction would be in order.SO GUESS WHAT!!My new target is 7.50.P.S.I AM SHOCKED THAT A MAJOR HASNT MADE A RUN AT WOLFDEN,MAYBE THEY WANT TO PAY 10 BUCKS INSTEAD OF 7.50.rabii...
Bullboard Posts