If I were IMC/Taegutec... ... and in light of all the 'shinanigans' that took place with WOF recently, I'd want confirmation that WOF can deliver as well. It's one thing to agree that a feas study looks great on paper(as probably step one of a DD), but it's a whole other ball game as the time gets closer and closer to actually potentially taking another suppliers material from the ground (WOF) over a current and obviously well established supplier (probably China).
IMC, and more to the point Taegutec, according to news reports in Korea, have seen tremendous growth over the past number of years... they were supplied with tungsten during that time, and probably supplied consistently as there were no news reports to the contrary.
For IMC / Taegutec to switch to WOF's material may seem like a "no-brainer" to most of you, and it probably is, but it's still an uncertainty that IMC surely wants to be sure about.
They are not sure right now. The feas looks good, but anyone in mining knows, the feas is just a feas... and could be a fluffed-up docu at worst, it's not proof that a new supplier can consistently deliver a certain grade of material over a protracted period of time. And to that end, as per my last post, I'm very happy that Mr. Ned Goodman is on board as deeply as he is because here's a man who understands this (and hopefully the orebody, intimately) and is probably WOF's only hope of righting this ship.
For others on the board here, bent on directing aggressions during this period of 'negative' time, I'd recommend venting towards the ex-CEO and his wife. Obviously, something was not right with them. My belief is that Mr. Ned Goodman / Dundee recognised this and took the actions they did to get rid of them.
The last news release from WOF, in my view, was definitely a CYA-type of NR and perhaps a reality check from all the 'fluff' the Wessons created. JMHO, JMHO...
I'm no big-time stockmarket player. I'm not pretending to know more than you or anyone else. All the above is JMHO only. To me, the above makes sense, that's all... so I felt compelled to just share my opinions above with you. I mean no aggressions or ill-will from typing what I typed... only sharing ideas and views. Thank you.
Hopefully bluer skies ahead with WOF.