Woulfe Mining Corp WFEMF

RE: Couple of Things

[Bobwins]

In these turbulent times, Woulfe is lucky to have a project that is financeable.  In these kind of times, it is best to get the money first.  The long term is smart.  This is a long term project and the financing should be similar.  I'm sure there will be provisions that will allow early repayment but as someone else suggested, the long term and resulting lower payments should leave Woulfe to the option to finance future enhancements to San Dong out of cashflow rather than see additional financing.  Also FLEXIBILITY is key to setup BEFORE the mine is operational. We don't want to have some unforseen cost overruns make Woulfe go begging for cash at the worst possible time as the mine is starting up.  

I say err on the side of safety.  Rates are obscenely low!  Take advantage.  Lock up the money for long term at low rates.  Have a little extra cushion.  It can always be paid back  more quickly than 12 years AFTER the mine is gushing cash.  

I bet Warren Buffet would like today's announcement.