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Woulfe Mining Corp WFEMF

Metals & Mining Industrial Metals & Minerals
Woulfe Mining Corp is a mineral exploration company. It is engaged in the acquisition, exploration and development of mineral properties.


GREY:WFEMF - Post by User

Woulfe Mining Corp > Info
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Comment by Majormac79on Jan 04, 2013 1:28pm
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Post# 20798613

RE: Info

RE: Info

I just talked to Nick as well.. He confirmed to me that Woulfe is sitting in a holding pattern at the Sangdong site and have approximately $3million still in the bank. So Woulfe shouldnt need to do any more dilutive PP's and has the updated PEA in the works by a 3rd party technical team. I expressed to him that this new resource estimate from the PEA should be released as soon as possible dispite the fact he says IMC views the Sangdong mine as a 60-80 year mine life based on historical records so as the retail investors have the definitive numbers to base their confidence on while waiting for the lawyers to finish.

Also pending news release update possibly next week.

 

GLTA

Majormac

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