Woulfe Mining Corp WFEMF

THE NUMBERS

[Majormac79]

(1.2 MTA) @0.45%WO3 average grade = 5400 tons WO3

current APT price $437

APT(ammonium paratungstate) is priced in $/MTU. MTU is Metric Ton Unit. 1 MTU=10kg. 10 kg equals 22 pounds /short ton unit stu=20 lbs

1000 kilograms in a ton = 5400000 kg / 10kg per MTU = 540000 MTU

(540000 MTU) X 90% recovery = 486000 MTU

(486000 MTU) X current tungsten price of $437= $212,382,000 per year before taxes, labour, other maintenance expenses

$212,382,000 divided by 330 million shares = 0.64 cents per share (P/E ratio =1)

The industry average according to RBC fundamental analysist is (P/E 17)

so 0.64 cents times 17 = $10.88 per share

The mining equipment woulfe is planning on assembling will be easily scaled up to 2.4 MTA if the market shows strong support for the tungsten supply.

Chinese tungsten comparables:

https://www.google.ca/finance?q=SHE%3A002378&hl=en#

https://www.google.ca/finance?q=SHA%3A600549&hl=en#

https://www.google.ca/finance?q=SHE%3A000657&hl=en#

[Flow23]

"$212,382,000 divided by 330 million shares = 0.64 cents per share    (P/E ratio =1) The industry average according to RBC fundamental analysist  is (P/E 17) so 0.64 cents times 17 =  $10.88 per share"   Sorry Majormac but what you write makes no sense. P/E is price/earnings ratio and not price/turnover ratio. Of course you have to consider

[Majormac79]

Flows so are u sayong the share price to earnings is a multiple to net profit not gross  income?

[Flow23]

Sure are u kidding? P/E= marketvalue per share/ earnings per shareearning per share = net income - dividends / outstanding shares https://www.investopedia.com/terms/e/eps.asp Gross income can't be an evaluative figure because companies with same output but total different costs would be evaluated same?!