Woulfe Mining Corp WFEMF

Monthly Report

[ahrg]

As below, 12 month work program only started in April... Provide a general overview and discussion of the activities of management. As announced in the Company’s news release dated October 28, 2013, the Company completed its comprehensive review of its June 6, 2012 feasibility study prepared for the Sangdong project as prepared by TetraTech WEI Inc. under the direction of previous management. This review was completed by the Company with the assistance of its largest shareholder, Dundee Corp., and has identified that considerable additional testwork is necessary to bring the Sangdong project to proper commercial and financial preparedness (the “work program”). The new work program will include diamond drilling to better define the orebody – in particular, those areas of the resource that could potentially be mined in the early years of the mine’s life. Additionally, further work must be completed on mine design, mining method selection, metallurgical process design and much derisking of other technical aspects of the Sangdong project. It is estimated that this work program will cost approximately $6-million and take twelve months to complete.

[mercurysmith]

That one liner is more news than we have had in a month of Sundays. The 12 months of preliminary work wasn't started until April 2014. This is what I was saying about the cnsx. It at least forces monthly updates and if nothing was done that month that must be disclosed.  My guess is this means no production before the spring of 2016 at the earliest. Still a house under construction is

[ahrg]

I wonder if the work program milestones will be announced in stages. I imagine there should be some outcomes planned before the IMC current deadline late 2014? So little information has been shared in the past year... Its almost criminal.

[kilgor]

One would think so, otherwise we can look forward to the monotonous monthly update, "Work continues at the mine....".   Hopefully the new CEO will do a better job on the communication front.

[Markidesad]

Indeed, we might expect phrases like : - work continues at the mine and progresses are made - we are pleased to announce that nothing has changed in our indeauvour - chairs will be bought at Ikea for te new boardmembers - news will come soon - we uphold our certainty to meet our prevous goals - the next NR will be strong and uncompromising - ....... Hopefully this wil not be the case, and maybe

[GaiusGermanicus]

I so wish they'd have said that in the first place.  Everyone knows that there's a difference between an area assay of an entire potential site (the last study) and the one that determines exactly where the shafts will be excavated and what areas to potential so the richest available bodies are hit as quickly as possible to reduce mine debt. "The work program" is that last