GREY:WFEMF - Post by User
Post by
Majormac79on Sep 26, 2012 7:16pm
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Post# 20418099
$$$ Hold into production! $$$
$$$ Hold into production! $$$ Woulfe doesn't have to do a bunch of PR any more for the Sangdong mine in South Korea. IMO its a waste of money. Woulfe has what they needed, a JV partner buying all of the tungsten and financing from a major bank to get the intial capex. Just over a year from now it will be the quarterly financial reports that will dictate the share price along with what they do with excess funds. I think Woulfe should either press hard to get Muguk developed and cash flow postive or do a stock buyback program with those funds.
The labour cost for production of ore is great news under half what the FS calculated. Brian was saying this all along that the FS was overestimating most figures. This company has potential to earn $100million + a year after the profit split with IMC! Congrats all its been a long 2.5 year haul for this news!