GREY:WFEMF - Post by User
Comment by
StockExpertProon Oct 30, 2013 3:07am
192 Views
Post# 21860632
RE:People of Sangdong Town, and the Provincial Gov Council...
RE:People of Sangdong Town, and the Provincial Gov Council...Your comment regarding the 11 to 12 year tungsten mine life doesn't make any sense. The NPV for the 12 year mine life is around $535 million dollars. The reason the feasibility study only included the first 11 to 12 years of mine life is because IMC was receiving such a "sweetheart deal" for only $35 million dollars.
If IMC wants further test work completed and a new and improved feasibility study then they will need to fork a lot more money then $35 million dollars.
Woulfe Mining has already racked up over $35 million dollars in loans/debt from IMC, protracted legal fees, down time, FREE tungsten obligations to IMC and other costs. You seem to be suggesting that WOF should spend over $35 million dollars in order to obtain a measly $35 million dollar loan.
That is ASS backwards in my book!
Quote:
"I'm quite sure IMC and Dundee would like to prove up a farther reaching mine life and thus stability for IMC beyond a measly 11-12 years."
Read more at: https://www.stockhouse.com/companies/bullboard/v.wof/woulfe-mining-corp?postid=21860568#AVOsoPrPb07ldYMz.99