GREY:WFEMF - Post by User
Comment by
Profit79on Nov 05, 2013 12:51pm
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Post# 21877869
RE:RE:RE:Like to see Convertible Debentures
RE:RE:RE:Like to see Convertible Debentures
My guess is the relationship with IMC for offtake is over... Im only guessing, but I think Dundee and company took a closer look at feasbility, mine life, future tungsten prices, and decided to take the long way home. In doing so, they most likely want to operate this mine for some time and exhaust its capabilities, in which case an offtake agreement is no longer needed. WOF will sell its tungsten to the highest bidder, especially since China has tightened its Tungsten supply. Someone saw the potential of this mine and clearly decided to revamp the project which will be long term bigtime profit. My 2 cents. Thoughts?