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Bullboard - Stock Discussion Forum Woulfe Mining Corp WFEMF

Woulfe Mining Corp is a mineral exploration company. It is engaged in the acquisition, exploration and development of mineral properties.

GREY:WFEMF - Post Discussion

Woulfe Mining Corp > Interpreting the new news
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Post by Segusmundo on Oct 16, 2014 7:50pm

Interpreting the new news

We finally received some concrete for a meaninful discussion! My problems are: 1)  the lack of knowledge to meaningfully interpret the new report, and, 2) of course, management 's customary failure to comment. 

Does anyone on the board have enough of a geology  background to shed some light on how we should interpret the latest findings? Seg.
Comment by abc111 on Oct 16, 2014 9:05pm
Seg, I have 0 knowledge/background in geology. That being said, the bottom line I get from the report is this: "The following table, extracted from the AMC Report, shows the Mineral Resource and metal  content for the Sangdong Property as of September 15, 2014. The cut-off grade of 0.4% WO3 was provided by the Company and was based on an assumed mining method, production rate ...more  
Comment by chizzles on Oct 16, 2014 9:36pm
Good point abc...sounds that that should be good enough. I also asked yesterday for someone with a geological background to translate but no one has done so...going back a couple of years, before all of this recent mess, we had a few people on this board who were very informative and translated everything for us less knowledgeable on this board. That being said, it looks like this is the first ...more  
Comment by Segusmundo on Oct 17, 2014 7:11pm
ABC, thanks so much for your response to my post and doing my thinking for me! In my dither I overlooked the most important sentence which you pointed out: AMC reviewed these assumptions and considered that they met the requirement of reasonable prospects of eventual economic extraction:" Hopefully, IMC and the banks will concur with AMCs feasibility conclusion and the succeeding ...more  
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