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Woulfe Mining Corp WFEMF

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


GREY:WFEMF - Post by User

Comment by Segusmundoon Oct 17, 2014 7:11pm
356 Views
Post# 23039616

RE:RE:Interpreting the new news

RE:RE:Interpreting the new newsABC, thanks so much for your response to my post and doing my thinking for me! In my dither I overlooked the most important sentence which you pointed out:

AMC reviewed these assumptions and considered that they met the requirement of reasonable prospects of eventual economic extraction:"

Hopefully, IMC and the banks will concur with AMCs feasibility conclusion and the succeeding feasibilty study underway. It certainly appears a step in the right direction. I re-read the release in full text as it appears at: https://finance.yahoo.com/news/woulfe-mining-announces-revised-mineral-133000114.html

In that regard, I am encouraged by this futher notatation that appears in the release: 

"...Woulfe is now developing a revised mining plan adapted to the Mineral Resource Model established by AMC. The new mining plan is anticipated to be substantially different from the 2012 TetraTech Feasibility Study.

The mining plan is expected to be completed by early November 2014 and will be an important building block in the finalization of the revised Feasibility Study expected to be completed by the end of calendar 2014..."

Good luck to all longs!

Seg.



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