Woulfe Mining Corp WFEMF

response to Mr. Aurelius

[74volfram]

To Mr. Aurelius: we clearly do not agree on this topic.
But I am taking your post seriously and taking the time to respond to it, point by point.

Has anyone on this message board noticed how tungsten prices continue to drift lower?
- I have noticed the lower drift for about six months. It is been so for all metals and energy prices and it is caused by the slowing down of China. Usually December is when warehouses clear up their inventories so this may be a low for the time being. The trend may contiune or may stop depending on the overall world growth.

Banks would not lend Woulfe Mining funds when tungsten APT prices were over $400 so why would any bank lend the funds with tungsten APT prices at $300 or lower?
- Banks would not lend at 400 APT because Woulfe did not have an adequate mining plan and feasibility.  Resource assessment was not not done correctly and the TetraTech feasibility study was found lacking in detail and not up to standards.

Management spent the past 3 or 4 years twiddling their thumbs around while nearly all of Woulfe's competitors managed to get their feet in the door and become tungsten producers.
- Which competitors?  Which new large mines have come into production in the past 3-4 years? I know one that has stopped producing. A small one has expanded its operations.  A few lareg ones are still trying to get funded - with much higher capital cost requirements.  Only one (besides Woulfe) is actually close to get financed and started in the summer/fall 2015.

De-risking the tungsten project has drastically increased the amount of risk involved and it's highly unlikely that any bank will lend Woulfe the necessary funds to begin production unless tungsten prices make a sharp upturn in the near future.
- No de-risking, no money. It is that simple. I think that between the updated resource assessment, new mining plan and off-take agreement the risk is now low enough to get a 50M commercial loan to add to the 25M from IMC and start the mine

Woulfe Mining has encouraged most of their competitors to become tungsten producers because management did not fast track Woulfe's tungsten project into production.
- What is fast track?  In the business world, as a general rule of thumb "fast track" means "stay away".  There is no "fast track" procedure to get a mine started.  It is always: 1. discovery; 2. exploratory drilling (done according to specific protocols); 3. resource assessment (done to specific standards); 4. Mine planning and permits;  5.  Feasibility study (again with strict rules);  6. Financing;  7. Construction.  If any of these fails, drop or go back and try again.  Previous management talked fast for sure and promoted the stock non-stop, but the only thing they managed to fast track was spending company money (including lending to themselves).
 
There will be a glut of tungsten on the market for years to come.
- The drop in tungsten price is indirectly correlated to the slowing demand from China (which has depressed one of the major applications of tungsten, steel alloying).  Woulfe may not suffer too much from this because of the off-take agreement with IMC (well explained by Mr. Lonade, btw the cost of production is a lot less than 250 normalized to APT).

Furthermore, listing Woulfe on that 3rd world stock exchange (CSE) only benefits Ned Goodman and his company Dundee Corporation. They used the CSE or Canadian Scammers Exchange as a vehicle to rip-off the other shareholders.
- How did it benefit Ned Goodman?  He did not try to do a PP when the stock was at 4c and for sure CSE is not making a lot of money in commissions from a low volume stock such as WOF.  WOF is a low volume stock because it is a quiet company, managed by apparently competent people and mostly held by insiders, specialty funds and this community of boarders.  Venture exchange has proven to be a disaster for all junior mining companies, with losses of 90% common last year because of rules in the exchange that make it next to impossible to raise capital in difficult market conditions and very easy to short at any level.  I understand that low volume and the wide bid/ask spread can make life miserable for a trader, but CSE has been largely isolated from the Venture disaster and WOF SP has in my opinion suffered mostly from the action of impatient or panicked investors at the mercy of board manipulators.

I have been reading messages on this board about how investors are suffering and are begging the company to promote the stock on BNN. Investors are not even remotely interested in buying shares of stock on the CSE.
- A campaign of stock promotion on the BNN is NOT the first thing I would like to see now.  In fact it would be close to last, at least until construction is well on the way

This has been a complete FARCE!
- Which begs the questions: why are you here?   Do you own any WOF or WFEMF? 
If you do, you should sell this complete farce IMMEDIATELY for your own well being. And if you don't, then what are you trying to do?  warn naive potential buyers to stay away?  trying to profit from people that take your warnings seriously?