Woulfe Mining Corp WFEMF

Mismanaged Company & Tungsten APT Prices are Crashing

[MarcusAurelius]

GaiusGermanicus made a good point in regards to a company buying out Woulfe Mining in order to prevent Woulfe's tungsten from contributing towards the tungsten APT glut. Tungsten prices are crashing and there's several new tungsten projects due to enter the market within a few years. Too many junior mining companies blindly entered the tungsten industry. Now there's going to be a glut of tungsten on the market. Possibly for years to come or until several companies are squeezed out of the picture and go bankrupt. To make matters worse Woulfe's CEO stated that the cut-off grade was changed from 0.15% to 0.40% WO3 which is NOT good for the economic viability of the project or the new feasibility study. IMC bled Woulfe Mining dry and Dundee basically went along with it. The company has spent well over $35 million catering to IMC going on 3 years now. Woulfe spent over $35 million in order to possibly obtain $35 million from IMC. That's not too bright in my book. It doesn't even make any sense. Enough is enough, it's time to tell IMC to get lost or take a hike and find a new strategic partner for the company. Preferably a new strategic business partner who is serious about getting down to business, so the company can begin producing and refining tungsten APT, instead of playing these "Mickey Mouse" games.

chrisp6712 wrote: "wiling to buy ALL of Woulfe mining just to keep the Tungsten off the market."

That's one of the goofiest things you have ever posed. Do you really think The Sandong mine has the potential to impact the world supply of Tungsten?