Woulfe Mining Corp WFEMF

RE:I have a bit of a dumb question

[Segusmundo]

I guess you never know how all of this turns out but under the IMC/Woulfe MOU, IMC would offtake all of Woulfe's tungsten production at then market rate, less 10% discount.  It is not a fixed dollar agreement. However, under this MOU, as we all know, IMC (unlike Black's comments) should not just be considered as an offtaker, but also a joint venturer, since IMC would own 25% of the mine. Personally, I think IMC adds a lot to this whole deal: 1) partial ownership would add financial stability and credit worthiness to Woulfe, 2) the IMC offtake would guarantee sale of all Woulfe product ,even in down markets like now, and, 3) IMC's ownership would diversify Woulfe ownership, hopefully keeping vulture venture capitalists at least a little more accountible from takeover. IMC is a highly successful and profitable business in and of its own right. I think Woulfe (and mostly its retail shareholders like us) need IMC more than IMC needs Woulfe. Over the past few years, I think IMC has been the glue that has held this whole Woulfe development project together while the company has gone through its roller coaster of inept management.  Without IMC's loans and renewals, Woulfe would have been insolvent years ago. Hopefully, Almonty will now provide the missing link: knowledgeable mining management and IMC can help provide Woulfe with crediblity for the financing.