Woulfe Mining Corp WFEMF

RE: RE: Offtake now finalized and half the capex a

[mercurysmith]

I agree majormac.  IRR (Internal Rate of Return) can be increased by one of three things: income projected, capital growth or reduction in costs.  The recent increase in IRR does not seem to be caused by capital growth or reduction of costs (those things seem to be about the same as anticipated back in October 2010).  The IRR increase seems to be because of a significant increase in projected income.  APT price is the most significant single factor.  Other significant factors seem to include a higher W03% content, and also recovery of a higher percentage of the W03 with the processing.  Just think how much higher the IRR will be once they factor in the moly.  And if it ever goes from 1.2 to 2.4 capacity, it would be through the roof.  It sounds like they do think they will also be able to squeeze higher IRR from reduction of costs by using the highly efficient and cost saving Korean market as opposed to the Western Owner fleet costs calculated in the FS.  Bring on the earth works in the next two weeks!