Woulfe Mining Corp WFEMF

Price relative to Tungsten Prices

[SmitherTime]

In have heard alot of people on edge about whether the IMC deal will or will not go through, and there have been complaints about the languishing share price as well.  The fact of the matter is, that Woulfe sitting at 28 cents is really impressive given that APT prices have sunk to as low as $300/Mtu.  This is a 25% decrease from the ~$400/mtu levels of last year.  Woulfe's SP is holding up almost uncannily well relative to its out of China competitors.  Malaga hasn't been producing (primary due to washed out roads and downed power lines) for the last 3 months and is down to .05, where it was .15 last year.  NTC is down to .155 where it has a producing Cantung mine, and a massive (but costs way too much to get into production, so likely won't for a long time) Mactung mine.  Honestly, the fact that Woulfe is hanging in there at .28 cents is impressive, and really shows the institutional backing it has recieved and why it is top of its class among its competitors.  The odds are this deal will go though, but one doesn't have to look any further than the APT price to understand why it's taking a little while longer.  There is a  25% difference between the APT price at the time this financing agreement was first proposed and where it is now.  I personally still really like Woulfe and think it's a fantastic investment, that being said, the APT price suggests that it's risk is higher, and potential reward is lower than it was back in March 2012.  Of course IMC and Shinhan want to make a re-evaluation and double check that the current agreement still works with their long term plans.  This is exactly what we as retail investors ought to be doing as well.  Whether that means buy more, hold what you've got, or take some of the table is up to you, but I think it's important that the primary factor for why this deal is taking so long is adressed directly.  What are your predictions for the tungsten price?  That question has more to do with whether Woulfe gets financing then anything else.