GREY:WFEMF - Post by User
Comment by
StockExpertProon Feb 08, 2013 4:20am
291 Views
Post# 20956324
RE: RE: RE: Goodman & Buffett Bidding War on WOF
RE: RE: RE: Goodman & Buffett Bidding War on WOF Why on earth would the Shinhan Bank in South Korea get cold feet?.
The Muguk gold and silver mine alone would be more then enough assets to put up as collateral. In order for the bank to lend the measly $150 million dollars to Woulfe Mining. Muguk is the largest gold mine in Korea. They should easily be able to obtain a $150 million dollar loan using the Muguk gold and silver mine assets as collateral .
Woulfe Mining could take a seperate much larger loan out on the Sangdong tungsten/moly mine which is even more valuable with a 40+ year mine life. Based on the information they have provided us I came up with a value of possibly ten billion dollars worth of tungsten and moly assets over the 40+ year of the Sangdong mine. Possibly much higher if tungsten prices go up again in my opinion.
Maybe the company could fast track the Muguk gold and silver mine then use that money to fund their larger project on the Sangdong tungsten/moly mine. This would allow them to retain more of their profits in the long run and give tungsten prices a chance to possibly hit new highs.
Read more at https://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=32125611&l=0&r=0&s=wof&t=list#AiKgIS5ZcWFYmYhK.99