Woulfe Mining Corp WFEMF

RE:RE:my two cents for the day

[GaiusGermanicus]

GastownGuy wrote:   It is my opinion that it has not only been poor management and difficult market conditions that have brought the value of Woulfe Mining down from 120 million dollars to it's present meager value.  

I'd buy difficult market conditions as a reason if they'd have gotten to the point where they'd had something to market . . . But at the time they bought the time prices were high and the only thing keeping them from just digging it out of the ground were Korean environmental regs.  But by the time everyone was happy with derisking that element the prices had altered and the banks positions had "alterered" with regard to what guarantees they wanted, and another study was undertaken . . . 

And so it goes, Woulfe the trained dog spending tons of money doing study after study on a mine that hasn't changed significantly since when it was controlled by The Iimperial Japanese Navy.

Now cores are one thing when you're looking for a scarce resource that only clusters in some alluvial layers, but when the element you're looking for is spread fairly evenly about, it should be more about getting what ore is removed done so safely (the old Japanese sections are FAR from safe) even after a couple crude passes through gravity tanks should give us commercially viable concentrations, and yet no one even ATTEMPTED this.  KInda makes me wonder what they were really thinking about in the first place.