Woulfe Mining Corp WFEMF

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Woulfe Mining Corp is a mineral exploration company. It is engaged in the acquisition, exploration and development of mineral properties.

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Woulfe Mining Corp > Technecal Insight very Bullish for WOF.

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Comment by Pauly10on Jul 23, 2014 8:21pm

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Post# 22775929

RE:RE:RE:RE:RE:RE:RE:RE:Technecal Insight very Bullish for WOF.

Pauly10 wrote:

Dickles wrote: The reason WOF is a great story and why i'm in big is that this was a proven working mine that shut down because the Chinese flooded the market and the price of tungsten dropped to levels where it wasn't feasable to mine anymore, Doubt very much this will happen again due too scarcity and need and the Chinese are now hoarding instead of selling.
The mine was already proven when it was first in production. The rules today have changed on how drilling is done and reported from back when it was originally done. Thus they need to redrill and reprove according to the new regulations.
The initial drilling under the new regs proved a 10 year mine life, I believe they are now drilling to prove the 40 year mine life. I think you know what that means.
Let me know if I need to explain further.