RE: RE: RE: RE: As Blackbartt25 said All good points. Mercury mentioned earlier the scheduled blasting and official beginning of construction beginning on Monday, October 8th. I personally see that particular event going ahead as planned as more significant than anything else Woulfe could tell us right now. Here's why I think so.
1. Woulfe is broke (or very close to it) until that $35 million financing comes through. There is no chance that they would begin large scale construction on the mine unless they already have the money in hand (which is a possibility given the BNN report), or they are 100% sure that the money is coming soon. I personally think the latter. I am of the opinion that we will get an NR on Tuesday, Oct 9th reporting the closing of the $35 million, and construction beginning. Those two events will go hand in hand. Furthermore, once IMC closes the $35 million, I have no doubt that Shinhan's $150 will be coming soon after. I see construction as a major signal of things to come.
2. The sooner construction begins, the sooner we start the 12-15 month countdown until production starts! Anything the company can do to make that day come sooner is at the top of the priority list for me.
3. I have no doubt that most other pieces of news (resource updates, updated feasibility, etc.) we are expecting are coming soon enough. Whether it is this week or two months from now, I could care less. They will be confirming to the world what we as longs already know, that Woulfe is going to be more economically profitable than it was originally stated to be. Whether we get a bump in share price now or later is moot.
That's my two cents on the matter. I couldn't be happier with the direction I see this going. At .30 cents and the level of risk we are looking at, Woulfe is a steal.