Woulfe Mining Corp WFEMF

RE:RE:RE:RE:RE:News Shares for Debt

[GaiusGermanicus]

No, just the regional supply.  Unfortunately the western nations are now remilitarizing, something that will grossly increase the need in the western world at the SAME tine that China is building a blue water navy with three fleet carriers and the escorts and air wings to go with them.  

One of the reasons for the WTC rulinig against China was to drop domestic supply so as to slow that buildup.  China's proposed surtax on tungsten being a way to discourage westeren purchase of those supplies while not caring WHAT the state itsefl pays for the Tungsten since, when they own the mines, it all goes to the same place anyway.

There's a great deal going on behind the scenes in ALL the rare earth supply areas, but in particular military metals, like tungsten, that are used to alloy the armor used in tanks and warships.  Unlike tool steel we're talking the use of tons at a time instead of pounds.

Next two years Tungsten is going to be getting fairly scarce, and I suspect that both Woulfe's management and IMC are aware of it and NEITHER wants to screw up at this point and put Sangdong on the chopping block at a time when there's increased tensions in both the Pacific and Atlantic theatres.  It just won't happen even if the South Korean government has to seize the mine itself.

All the same, if it does come down to a re-organization, you can bet they'll do everything they can, sacrificing all the other leases, if it means keeping Sangdong, as their curren trights in that mine alone are worth three times the current market cap of the company even at breakup value.