Woulfe Mining Corp WFEMF

RE: RE: Big Fish - Little Fish

[mercurysmith]

Chrisp, there was a time many moons ago when the agreement was with Korea Zinc, and that company completed its due diligence and everyone though it was a go.  Problem was, when it came time to advance the money, the deal collapsed.  I am not saying that is the case with IMC.  In fact, I am very confident that we will hear good news from the IMC front soon.  I am just saying that even though their dd is completed, it is obviously much more certain once IMC actually pays the $35M.  I think the bank is ready, willing and able to advance the debt financing now, conditional only upon IMC first paying the $35M.  That will help create the equity in the mine in addition to the offtake sales that will allow the bank to be comfortable with the debt financing.  Majormac is probably right that IMC wants to be sure the bank really is all in, but I think they already have those assurances from the bank.  I continue to believe the advancment of the $35M from IMC is the immediate key to the whole project, and the moment that happens, the big fish will arrive.  It will get mentioned on BNN and Ecclestone will make some positive comment about it and Brian Wesson will appear on some business t.v. program with a big smile on his face and we will be off to the races.  It is a sure recipe to put a smile on all of our faces.  I do like Woulfe in case you couldn't tell.