Woulfe Mining Corp WFEMF

Why Derisking the Tungsten Project Really Added More Risk

[MarcusAurelius]

By not being the first major tungsten producer outside of China to enter the market. Woulfe Mining has encouraged many other tungsten projects to move forward and become full scale producers. This will drastically lower tungsten prices in 2015 & 2016. The bottom on tungsten APT prices could go as low as $200 per MTU. Supply & demand will need to meet a healthy balance and the only way for that to happen is after several tungsten mining companies go bankrupt and are squeezed out of the picture after their projects are no longer deemed economically viable. If Woulfe would have been the first major producer to enter the market 2 years ago that would have initially drove down tungsten prices but it would have discouraged Woulfe's competition from entering the market. What a boondoggle this has been. Total lack of leadership and poor decision making every step of the way. The only logical conclusion one can come to is that Woulfe Mining has been blatantly mismanaged. At this point in time it may be best to declare bankruptcy and allow the South Korean government to award the tungsten mine to Korea Zinc. IMC & Dundee will be left empty handed after shareholder class action lawsuits. Korea Zinc has a firm anti-dilution clause in their contract and South Korea government connections will favor them in bankruptcy court proceedings. This has become a classic example of what happens when GREED distorts a companies good judgment & decision making. Apparently IMC and Dundee were so obsessed with nickel and diming shareholders and the company. That they lost track of the overall picture which was to fast track the tungsten project then turn a profit & get a firm grip on the tungsten market before their competitors. Watching this fiasco play out has been utterly disgusting when considering that the Federal Reserve Bank and European Central Bank has printed many, many trillions worth of funny money currency to spread around the world to their rich fat cat cronies. Furthermore, the Federal Reserve Bank is basically on record stating that they will take extraordinary measures when necessary. Meaning they will try to print their way out of the next global financial crisis meltdown.