GREY:WFEMF - Post by User
Comment by
StockExpertProon Aug 31, 2013 4:38pm
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Post# 21711817
RE:Warren Buffett Sees an Enormous Opportunity Here
RE:Warren Buffett Sees an Enormous Opportunity Here Woulfe Mining is currently negotiating a deal with International Metalworking Companies, a Berkshire Hathaway (NYSE: BRK.A) owned holding company for metalworking products.
For a total of about $80 million, if IMC agrees to finalize this deal and buy a 25% stake in Woulfe’s Sandong mining project in South Korea, which was once the biggest tungsten-producing mine worldwide.
Note: If Warren Buffett's company IMC and Woulfe Mining agree to finalize this contract at around $80 million dollars for a 25% stake in the company.
Then this should translate into the 100% value of Woulfe Mining.
The company would need a correction on the current market cap upwards of at least $300+ million.
If they finally finalize this deal then that should justify an almost instant V.WOF share price of over .80+ cents per share.
I am expecting a huge gap up on the V.WOF stock price once this strategic agreement becomes official. In my opinion anyone who waits to buy this stock after the major news is released is making a BIG mistake will be paying a HUGE premium on the stock price after it gaps up.
By 2014, once again, the mine is set to become the biggest producer when it reopens for production. Then I would expect another big move up on the stock price. Possibly $1.60+ price per share once they begin full scale tungsten production.