Woulfe Mining Corp WFEMF

RE:RE:RE:RE:it looks all good

[chizzles]

Here is a google translate of the article from German to English (and it looks very positive: Hi, here is my brief outline of the visit in Sand Gong. Sometimes I even get a meeting with the Regional Head in the region towards; but is not yet 100% sure wg. Schedule conflicts. Sangdong itself is drab. One can only wish the people that moves economically again slightly. But we are not Samaritans :-) Mood: Most people in the region (outside of Sand Gong) is the subject of a phrase. Just IMC / Buffett has remained in most conscious. The people with whom I could talk, all assume that the mine will go back into operation. However, they did this, no tangible facts that would allow this conclusion. I sat down on various channels with Woulfe in conjunction and announced my visit. Feedback is made up today. I therefore passed on their own and had expected the worst. But far from it: Because you actually works! I could first speak to an agent and then was fortunate that SangChul Son (Project Manager - Sangdong Mining Corporation) had just attended. I could talk with him about two hours to date and can safely if necessary also dig deeper again. Findings from: - Local team (I mean currently 15 people, but may be wrong) is ready; "Accommodation" on the site are based - Almonty: First you had the contemplated. When showing the details, however, it emerged that it would be sold well below its value. Therefore, the backward roll. Feasibility Study: IMC urged okay, SRK Consulting to further review: 1. (pre-update) 2. (post-update): SRK Consulting okay, but now checks IMC in more detail. Here is currently expected to be confirmed by mid-May. If and when that is announced, I do not know. Hence me not on the 15.05. nail. ;-) - Financing provided for within / to the end of July, then production start in Q1 2017; more details to finance I have not. However, one possibly being in very advanced talks. (Addition: if there were definitely green light, then would be a Korean major bank (Shinhan) for 4-5% Interest apparently directly available?.) Other: - METSO is for MGL. Planning and implementation of Mine Construction ready - Taegutec would like to financially participate directly as soon IMC green light are in terms of its contribution ("willing to match immediately - the next day") - Metallurgical Engineering by Bumigeme (Canada) completed by the end of April and from May through Korean Engineering Consultants Corp (KECC) adapted into Korean - Registration for Sangdong mine as a classification "Foreign Investment Zone" (subsidies, tax breaks) currently in development - Local and regional authorities reiterate their support in terms of infrastructure needs further states Date: Gaucher presents the current status of the project in the second half of May in a wider context. Participants: Local and regional representatives, business partners (IMC, SRK), banks etc. If you have further questions, I am happy to via PM or Skype available.