Woulfe Mining Corp WFEMF

RE:RE:RE:RE:RE:RE:Big Picture.....

[kilgor]

First of all I would like to thank lastpick for pointing out an error in one of my calculations....

I stated: "With 350M o/s (we round it again for the simpicity of calculations), that mean only 0.001% are traded daily."

350K traded daily / 350M os = 0.001 or 0.1%.

This error in my calculation kind of deflates my original argument. So perhaps I should have phrased it as between 0.003% and 0.2% of our stock is traded on a daily basis which means 99.8% are holding our stock daily. With such a small percentage trading daily, that is most likely attributed to traders and the few number of people whom decided to get out of our stock. Overall, the number of people annually selling our stock as a percentage of ownership is extremely low, which implies investors believe the upside definitely outweighs the risk.


To your point Dickles..... no I haven't because there are too many variables affecting the price of tungsten. China is the price setter. Although China has shutdown many environmentally unfriendly mines, there is no telling how much Tungsten they have in the ground not being mined. We don't know exactly how much supply is coming on or off line. We don't know how much stockpile of Tungsten is in the US or other countries, nor do we know when they will run out. We can guestimate demand from published reports.

So I have using the average historic price of the last few years, but you could be right the price could double, but I am taking a more conservative approach (it keeps my emotions in check so I can make a more informed decision). The more profitable our mine will be, the probability of an early takeover increase, so again will we see the full share price appreciation? Or will major shareholders sell. Time will tell.

-With 350M o/s (we round it again for the simplicity of calculations), that means only 0.001% are traded daily.

Read more at https://www.stockhouse.com/companies/bullboard/v.wof/woulfe-mining-corp#PfQrPpjMTqLAWWhT.99

-With 350M o/s (we round it again for the simplicity of calculations), that means only 0.001% are traded daily.

Read more at https://www.stockhouse.com/companies/bullboard/v.wof/woulfe-mining-corp#PfQrPpjMTqLAWWhT.99W