Woulfe Mining Corp WFEMF

crusher

[74volfram]

The crusher was sold over 5 months ago according to the audited financials and we know Woulfe has been running on limited cash since at least June, when they started paying employees partly in shares. They heve not done another Private Placement to raise more cash in mid year. Instead they have rushed to finish the drilling program and gone through a supplementary drilling in September-October in order to get the new feasibility study and mine plan ready before the IMC deadline. We know they need to close on the IMC deal or find another partner or fold. With IMC it's always been all about a safe supply of tungsten at a good price. so the new plan should outline a mine that can produce at low cost and be brought on line quickly (high cut-off grade, selective mining), which I think is what the company intends to do given the latest reports.