Woulfe Mining Corp WFEMF

RE:Follow the Big Money High Rollers! Dundee Holds 35% of WOF

[Pauly10]

GaiusOctavius wrote: Follow the Big Money Winners! Several big money players are in investing in Woulfe Mining for reason. Warren Buffett's IMC part of the Berkshire Hathaway group of companies and Ned Goodman's Dundee Corporation. Plus Korea Zinc and Colonial First State own large stakes in Woulfe Mining. What more proof do investors need regarding the tremendous potential of Woulfe Mining? It's rare to find a stock as grossly undervalued as Woulfe currently is in this bloated stock market.

guerreiro wrote: Just a matter of time this baby could soar

Company Overview from WOF's website to reduce confusion.

Woulfe Mining Corp.is a Canadian Stock Exchange ("CSE") listed company with a diversified portfolio of mining licenses for tungsten, molybdenum, gold and base metals in South Korea.

The Company is focused on the development of its 100%-owned Sangdong tungsten mine.

The Sangdong Property is the Company's most advanced project and relates to a world class tungsten brownfield property with bismuth and gold credits. The mine was one of the largest tungsten producers in the world and operated for more than 40 years prior to its closure in 1992 due to low tungsten prices making the mine uneconomic.

A Feasibility Study, based on the mining and processing of 1.2 million tonnes per annum producing APT, was initiated in June 2010, and its results were released in June, 2012. Significantly, the APT price had increased from around US$200/mtu (metric tonne unit or 10kg) in early 2010 to approximately US$400/mtu in June, 2012 and US$368/mtu (source: Metal Bulletin) in April 2014.

The Company workforce at site increased to over 40 with the majority being residents of the nearby Sangdong Village. The Company is now the major employer in the region and has recently received an award for community contribution.

However, during the fourth quarter of fiscal 2013 and during the first two quarters of fiscal 2014, management felt that it was prudent to perform additional evaluation of the feasibility study and mine plan so as to ensure that the Company moves to the development and production phases in the most efficient and economically beneficial manner.

On October 28, 2013, the Company announced that it had completed its review of the June 6, 2012 Feasibility Study prepared for the Sangdong Project by TetraTech WEI Inc. under the direction of previous management. The Company completed its review with the assistance of its largest shareholder, Dundee Corporation. The Company has identified that considerable additional test work is necessary (the " new work program") to bring the Sangdong Project to proper commercial and financing preparedness.

The new work program prescribed will include diamond drilling to better define the ore body -- in particular, those areas of the resource that could potentially be mined in the early years of the mine's life. Additionally, further work must be completed on mine design, mining method selection, metallurgical process design, and much de-risking of other technical aspects of the Sangdong Project. It is estimated that this work program will cost approximately $6,000,000 and will take approximately twelve months to complete. The Company has recently completed financings totalling $4,350,000 in March 2014 and will be seeking additional financing to fund the remainder of this new work program.

The Company also has a focus on the Muguk gold project, historically Korea's largest producing gold mine.

In 1998, Muguk was reported by Korea Resources Corporation (KORES) to contain a combined resource of 1,418,980 tonnes @ 13.5 g/t gold, 72.8 g/t silver (615,956 oz gold and 3,321,599 oz silver). In March 2012, the Company announced the results of a preliminary economic assessment dated April 27, 2012, as amended and restated on August 10, 2012 prepared by Edward Gleeso, BEng (Mining), MAusIMM (CO), Rod Elvish FRMIT (Primary Metallurgy) Post Grad Dip (Mineral Economics), HonFAusIMM (CP) and RL Webster BSc (Applied Geology, MAusIMM (CP) for AMC Mining Consultants (Canada)Ltd.

Woulfe cautions that a Qualified Person has not done sufficient work to classify the historical estimate as current, that it is not treating the historical estimate, prepared by KORES, as current and that the historical estimate should not be relied upon.

While the Company is doing the necessary work to maintain ownership of the Muguk property, it is currently fully focused on moving the Sangdong project forward.