Woulfe Mining Corp WFEMF

Who would lend

[ark88]

$140+ million for development in a declining tungsten price environment?

[GaiusGermanicus]

Someone expecting regular payments with interest, plus perhaps some other terms. You'd be surprised what senior debt can go for.

[ark88]

It's resource development 101. It's next to impossible to developed a resource in a declining price environment. Unless of course one has someone to underwrite such as IMC. In essence, IMC thru loaning 410 mil. has exercised control of this asset. It is and has always been about IMC.

[GaiusGermanicus]

Unfortunately RD101 doesn't apply to materials not otherwise available.  Sure, China had a ruling against it in the world trade court, but that doesn't mean they're actually going to increaes supplies SIGNIFICANTLY, which is what the current Tungsten prices are based on.  All they have to do is declare it a critical national strategic resource and it'd take an act of war

[StockExpertPro]

ark88, The previous Woulfe Mining CEO Brian Wesson stated all along that he felt tungsten APT prices would remain flat around $350 per MTU. He mentioned this in some of his video interviews. Woulfe Mining will be very profitable with tungsten APT prices around $350 per MTU.