Woulfe Mining Corp WFEMF

Asks are very thin

[Sir_Holler]

It looks like they are letting WOF run.

With a net present value of perhaps now $500 million, in addition to its gold property, this stock could run and run...

 

 

 

Quote as of: Sep 21, 2012 01:46:00 PM ET

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Orders	Shares	Bid	Ask	Shares	Orders
3	13,500	0.31	0.32	11,000	3
2	11,000	0.305	0.325	1,000	1
5	24,500	0.30	0.33	1,000	1
4	21,500	0.295	0.335	15,500	2
2	15,000	0.29	0.34	10,000	1

 

 

Woulfe Mining Reports NPV US$400m with 46% IRR Sangdong Feasibility

April 23, 2012 – Woulfe Mining Corp. (TSX-V: WOF) ("Woulfe" or the "Company") is pleased to announce the results of a National Instrument 43-101 compliant feasibility study for its 100% owned Sangdong Mining Project located in South Korea.

Brian Wesson CEO/President commented "This robust feasibility study marks a significant milestone in the development of the Sangdong tungsten project and sets in motion our strategic partnership with IMC and the finalising of the funding for the entire project, moving to production 2013."

[ark88]

We have up to 60 days, perhaps even longer given recent history, for the deal to be finalized and money received. One has to expect a lot of games to be played with the SP during this period. GLTA

[clk_vested]

Good to finally see! I think we may get into .40 to .50 territory sooner rather than later. I've always figured that's about where the baseline of this stock *should* have been (in a better market), so I'd very much like to see it get back there quickly, and then move up from there as we get more news and confirmations that the pieces are falling into place.

[clk_vested]

You may well be right, Ark. But for reasons that I've already specualted about on this board (at length), I think Due Diligence may have been the big hurdle, and now that the green light has been given, IMC may want to move things along. "Hurry up and wait" is typical of big corporations, but once the direction is set, they may want Woulfe moving at full speed. That's just my

[ark88]

I too am feeling very comfortable. With respect to the suggestion that IMC may now want to move things along, it all depends on whether the finalization of the deal has any material impact on the project schedule. Does it matter whether Woulfe receives th emoney in 30 or 60  days? Isn't the schedule pretty much set at this point?   I'm looking to buy more shares, watching L2

[clk_vested]

Well since Woulfe has been saying that full production will happen 12 - 18 months (or something like that -- didn't just look it up) after financing, I think the money is tied to the schedule. They can't get started building in earnest without some serious cash.

[TechOne]

First sign of that will come when we see them ordering long lead items and news re. land purchase etc.. That would be a sign that while money is being nailed down, there are no serious impediment to get the ball rolling.. Of course, we are all guess how quickly it unfolds since I am not quite sure if weather etc. has an impact on the startup schedule itself..