GREY:WFEMF - Post by User
Comment by
Majormac79on Nov 17, 2011 1:08pm
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Post# 19245512
RE: RE: RE: News
RE: RE: RE: NewsThat is from a 2006 deal for the purchase rights of the mine. It allowed Woulfe to do investigative drilling and decide if it was worth the full purchase price agreed on to obtain 100% ownership of sangdong and other properties. The contract required X amount of money at certain times as well as Y amount of money spend on explorations within time frames. Woulfe let some of its other properties go a couple months ago that it felt werent worth the additional costs to keep because the economics werent good enough. IF YOU READ SEDAR REPORTS (in the last released report 90+ pages) you would have these answers with out resorting on others to inform you.
This is very good news for both a development or a lump sum sale of the property. It shows clear confidence that Woulfe has in the economic development opportunity presented at the sangdong property. Given the growth in both the Americas and Asian I believe the fundamentals have strong enough macro economic vibrance to ignore Europes woes.