Woulfe Mining Corp WFEMF

KMT.N to buy ATI.N tungsten materials business for $605 mln

[StockExpertPro]

(Reuters) - Kennametal Inc (KMT.N) said it would buy Allegheny Technologies Inc's (ATI.N) tungsten materials business for $605 million to boost supply of the raw material used to make its metal-working tools, increasing its exposure to aerospace and energy markets.

https://www.reuters.com/article/2013/09/16/us-alleghenytechnologies-acquisition-idUSBRE98F0BG20130916

I'm expecting this Woulfe Mining strategic agreement with IMC to be fast tracked, now that IMC's competion in the tool making market has gotten a head start on them by securing a long term tungsten supply.

After the Sangdong tungsten project is completed. I think it would be safe to say that Woulfe Mining could easily sell their portion of the Sangdong tungsten mine and ATP plant for $605+ million dollars to Warren Buffett's Berkshire Hathaway. That equals out to a $1.50+ price per share stock price on Woulfe Mining.

I know if I was in Buffett's shoes and could forsee that alot of my other companies (IMC) in the tungsten tool making business could possibly grind to a halt because the companies lacked an adequate supply of long term tungsten.
Then I'd make it a priority to obtain 100% control of that strategic metal, to insure that did not happen. Especially now that Buffett's competion has gotten a head start over IMC. Kennametal Inc (KMT.N) is securing their long term tungsten supply by purchasing Allegheny Technologies Inc's (ATI.N) tungsten materials business for $605 million to boost supply of the raw material used to make its metal-working tools.

https://en.wikipedia.org/wiki/International_Metalworking_Companies

Berkshire Hathaway's company International Metalworking Companies (IMC) operates Iscar, TaeguTec, Tungaloy, Ingersoll and more in over 50 countries.