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Woulfe Mining Corp WFEMF

Metals & Mining Industrial Metals & Minerals
Woulfe Mining Corp is a mineral exploration company. It is engaged in the acquisition, exploration and development of mineral properties.


GREY:WFEMF - Post by User

Woulfe Mining Corp
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Post by biznotstockon Oct 10, 2012 10:23pm
264 Views
Post# 20471410

Posco facility & prospects

Posco facility & prospects

FYI


According to a report (https://rdata.youfirst.co.kr/pdf_data/EN_HD_201209251638_00_CC11_21106403_20120925164017_21106289.pdf), POSCO just started testing in september one of the components of its future moly processing facility in Yeongwol.

Unfortunately, POSCO owns a 20% stake in a huge General Moly project (https://www.generalmoly.com/properties.php) in Mt. Hope, Nevada. So any bad news for General Moly and Mt. Hope is good news for us and our hopes of signing an offtake.

Anyhow, I think it would make sense for POSCO to sell their stake in that project and secure a source which has already been de-risked, is a few minutes away and has government backing: SMC/IMC JV. Once the JV is formed, I think we'll be sollicited.

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