Perspective
The world is moving into a resource-based economy, and there is tremendous global instability. Perhaps especially with a fiat currency, instability tends to lead to hyperinflation. Owning a producing tungsten mine is a tremendous hedge against future instability. Muguk's gold is an added bonus, but the primary focus really should be the tungsten, because it underpins essentially all global productive activity. With this worldview, Ned Goodman has acquired a very large chunk of Woulfe.
Woulfe is redeveloping a mine in a region that will be receiving major infrastructure investments in the form of rail links to other parts of Korea. Meanwhile, Busan is being developed into the shipping hub for northeast asia. As long as things keep moving along, long term investors will be more than fine. The Wessons were right on point when they emphasized that we have the right assets in the right place.
But whereas the Wessons seemed to have been trying to create a neat package to quickly sell, the current management seems to be planning to actually develop it to run a mine. Like I mentioned in another post, this greatly delays the recovery of my capital, but increases the expected future value dramatically.