Woulfe Mining Corp WFEMF

I have a bit of a dumb question

[chizzles]

If all goes as planned, and IMC is still in the picture and as arranged, gets 90% of all of the tungsten in our mine...do we get a pre determined price from IMC for all tungsten sold or will it always be based on the current price at the time of the sale? Example: When everything is finalized and at that time tungsten is trading at $280 per mtu, do we agree on a price of, let's say $300 mtu for the life time of the mine no matter what the price fluctuation of tungsten will be or...will the agreement be the current price of tungsten at the time of the sale - 10% or something like that?

[kilgor]

The way I see it is if the price is fixed, then there is an expiration date at which the price should be renegotiated again.  But what I really think will happen is the price will be a discount to the market price, but that is only if IMC gets moving on their end of the deal. Otherwise, it will be as Almonty prefers i.e. separate the buyer from the seller, hence market price.

[GaiusGermanicus]

I sort of caught a subtext in that Almonty announcement that if IMC doens't pony up, and quickly, that they may end up with a steady supply of Tungsten, but they may also end up paying all the market can bear given their so far half hearted support,, some of which may no longer be needed.

[wolfry1]

Gaius I caught the same wiff .... The following statement from Mr. Black kind of nails it... But we have never, in fact, gone to an offtaker to look for funding. We feel that we are responsible for our business and they are responsible for theirs. Our relationship is that we deliver to them on time and to spec, and they pay us on time. And that is, I believe, the most positive relationship you

[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