GREY:WFEMF - Post by User
Comment by
MarcusAureliuson Oct 28, 2014 10:40pm
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Post# 23070628
RE:Mismanaged Company & Tungsten APT Prices are Crashing Read m
RE:Mismanaged Company & Tungsten APT Prices are Crashing Read mThe market didn't seem to acknowledge the CEO's press release. Woulfe's stock price did not budge. The CSE is complete failure as a new stock exchange and Woulfe shareholders are paying the price dearly. Why didn't the CEO include WFEMF on the press release? Woulfe needs more buying volume from OTC investors in the United States.
wolfry1 wrote: MarcusA. ....
You stated ........."
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."
But the facts are ....from the News Release Oct 15-2014
The 2012 TetraTech Feasibility Study produced mineral resource estimates at a cut-off grade of 0.15% WO3 based on a bulk mining approach contemplated at that time. By comparison, the AMC Report, having been delivered to the Company on October 3, 2014, uses a cut-off grade of 0.4% WO3 based on a more selective mining approach currently being considered. TetraTech (2012) was a bulk mining approach - cutoff of 0.15% WO3
AMC (current) is a selective approach - cutoff of 0.40% WO3
In other words...the current AMC proposal would be mining the higher grade sections FIRST ..!!!
Why move tons of dirt of low grade when you can move a whole lot less tonnage of much higher grades at the beginning of the project. In essence, you would be digging up 2.7 tons (TetraTech) for 1 ton (AMC) for the same amount of WO3 at cutoff. The AMC approach looks more efficient .....we'll see .. soon enough..!!!
Wolfry1