Woulfe Mining Corp WFEMF

Tungsten prices are crashing + Canadian dollar is collapsing

[MarcusAurelius]

I think the company and CEO realizes that they are running out of time. Apparently they're trying to rush this business deal along with IMC before the tungsten project becomes economically unfeasible. The negative impact of a rising U.S. dollar versus a collapsing Canadian dollar. The IMC transaction will be done in Canadian currency. Based on a currency convertor, 35 million Canadian dollars only equals around $28 million US dollars currently. Due to the collapse in value of Canadian currency in recent months. If you crunch the numbers this deal with IMC doesn't make much sense. Woulfe Mining has to pay back $10+ million with interest to IMC. Furthermore, tungsten APT prices are collapsing and are now under $300 per mtu. Perhaps this is why Woulfe's price per share remains so low. The market has factored all of that negative information into Woulfe's stock price. Supposedly there is 20 levels in the Sangdong tungsten mine. Does the deal with IMC cover the first 3 levels and initial 12 year lifespan of the tungsten mine? Or does the deal cover the entire lifespan and all 20 levels of the mine. In my honest opinion Woulfe Mining and the shareholders have been royally screwed over & ripped off if the deal with IMC covers all 20 levels of the Sangdong tungsten mine.

TechOne wrote: I thought for 25% of Woulfe, IMC will pay $ 35m (minus the $10 m + interest)..