not happy about what is going on and felt that the project is going nowhere. According to the govt and people there (from the article), nothing is being done at the project site. However, please take this with a grain of salt as there are almost 40 people working on the project, including the development of lower levels of the mine itself.
According to the news piece (that came out late yesterday, linked below), Woulfe Mining has explained to the gov and the people that YES there have been delays, and it was because there was a management shift in the project. The project is currently being headed by Dundee and is going to be studied / evaluated thoroughly. The gov and people seem to understand the explanation that has been provided to them by Woulfe.
link:
https://www.theleader.kr/news/articleView.html?idxno=21976
As far as I am concerned, this last piece of news by WOF regarding 12 months more of study/work suggests that Dundee wants to ensure all the t's are crossed and the i's are dotted, as well as perhaps proving up a far expanded resource / milling capability in cooperation with IMC. IMC is not the enemy here as some would have you believe by trying to "stick it " to WOF and the WOF shareholders, it's a far bigger picture than that that is going on. I'm quite sure IMC and Dundee would like to prove up a farther reaching mine life and thus stability for IMC beyond a measly 11-12 years.
I think I mentioned before, "be a Buffett" on this one 'cause Dundee and IMC sure can and are. Nothing means more to me personally than to see Dundee snapping up a larger and larger % of WOF.
GLTA LONGS