Wolfden Resources Corp V.WLF

Alternate Symbol(s): WLFFF

Metals & Mining Industrial Metals & Minerals

Wolfden Resources Corporation is a Canada-based exploration and development company. The Company owns a 100% interest (land and mineral rights) in the 6,800-acre Pickett Mountain Project in Maine, United States, which is an undeveloped volcanogenic massive sulfide (VMS) deposits in North America. The deposit is situated 85 kilometers (km) (53 miles) west of the Canadian (New Brunswick) border. Its Rice Island Property is located in west-central Manitoba at Wekusko Lake. The 100%-owned Nickel Island property comprises 6,041 hectares (ha) and consists of four mineral claims (MB11932-MB11935) totaling 700 ha. The property is located in the Island Lake Area, 10 km west of the community of Garden Hill and 280 km southeast of the City of Thompson in east-central Manitoba. The Tetagouche property comprises approximately 16,000 hectares in the heart of the Bathurst Mining Camp in northeastern New Brunswick.

TSXV:WLF - Post by User

Wolfden Resources Corp

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Comment by scissors14on Aug 23, 2006 1:22pm

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Post# 11262432

RE: canaccord coverage PG and WLF

WLF has a 52 week target of $2.50 and was rated a hold. PG wasn't given a target but rather a NAV of $1.80 NOT including the Sedimentary acquisition (which includes 9.8% ownership of Intrepid Minerals (IAU:TSX, market cap $150M) - didn't know that) or any exploration upside from Ontario properties. Target wasn't given because they don't know how the Sedimentary acquisition (A$87.5M) will be financed (debt, equity or combination were possibles mentioned). However, they gave it a speculative buy rating.

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