GREY:WFEMF - Post by User
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StockExpertProon Sep 01, 2012 6:20pm
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Worst Case Scenario
Worst Case Scenario
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Saturday, September 1, 2012 6:16 PM
WOF could shut everything down and sit on the Sangdong Assets for a few years in the worse case scenario. Wait for tungsten prices to surge past $500 per mtu.
Then IMC will be scratching their heads like a bunch of fools on why they didn't close this deal sooner. At that point the company could sell the Sangdong Mine assets to one of IMC's competitors for significantly more then the current WOF market cap. The shareholders would be rewarded around $1 dollar per share and everyone is happy at that point besides IMC.