Woulfe Mining Corp WFEMF

RE: RE: Talking Tungsten M&A

[ruminating]

Great article it's not. Grammar is fair and most of the numbers were missing (M) for millions instead of the thousands being quoted.

However, the premise is noteworthy.... strong prospects for Tungsten producers to advance their projects with support from existing customers who are willing to pay to prevent these company's folding up their tents. Although the Mactung deposit is very high grade, their current mining operation at the Cantung property is still not fully delineated and recent drill results suggest other significant deposits near the current mine and processing plant containing as high a grade as those quoted for Mactung. In addition there are several adjacent claim which they own that have had little or no drilling done. So it's a bit premature to say they couldn't self-finance the Mactung project, as it is say they need to proceed within 3 years to avoid running out of resources. It's just that Mactung is a quantum leap in term of project scope and the resource planning calls for double the current annual production of NTC's Cantung mine operation.