GREY:WFEMF - Post by User
Comment by
GaiusGermanicuson Dec 04, 2013 2:04pm
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Post# 21969906
RE:J V Partner
RE:J V PartnerExcuse me, you can't say "with all the minerals Woufle has" because they actually haven't got ANY off of ANY of those properties until exploration actually finds somewhere likely to dig, and by far the majority of the time those bores find holes that are dry or only have minimal targeted minerals. e.g. the cost of digging it out of the ground isn't worth it. Uranium will be worthless for another 2 or 3 decades as we continue deactivating bombs and remixing their uranium down to reactor grade levels. Vanadium might be useful, but then it requires expensive and extensive bores to determine where to dig. Gold, well . . . at 1800 an ounce Muguk was intersting, but at 1250 an ounce, not quite as much unless by pure chance they find a heavily mineralized vein.
Right now Sangdong is the ONLY hope for the future of Woulfe mining, all the others are SO far from producing an income stream that the only reason to keep looking is to not loose the leases for non-performance.