Woulfe Mining Corp WFEMF

Sangdong numbers

[74volfram]

Mine size: at the 0.15% cutoff Sangdong would be in the top 3 tungsten mines in the world (4000-6000 tons/yr APT, at the 0.40% cutoff Sangdong would still be in the world top 7 and the largest tungsten mine outside China until Mactung or Sisson come up (these will require larger investments to get going).
Cost-wise: The 0.15% cutoff would imply CAPEX in the 150M range (from Tetra Tech). The 0.40% cutoff would imply CAPEX  in the 100M range (my guess, based on size of equipment).
Ore processing should be similar in both cases at $60/ton (seems reasonable, but the information is missing at this time). Proven reserves at both cutoffs are now available including ore and grade.
The economics of the mine can be figured out based on these numbers and APT projected prices. In my opinion the approach to mine start-up that they seem to be taking is correct.

[GaiusGermanicus]

OMG someone who realizes that starting a mine is a multivariable equation that takes time to polish . . . Yes, there is a point to all this waiting, but . . . I can see how it would frustrate most retail traders who old a position maybe a few months at the most with ther typical investments. Me, I hate the tax man, so by the time my short term gains for any given year are hitting the taxable

[ark88]

Is it just me or who else finds GaiusGermaniucs a pompous a s s?

[GaiusGermanicus]

Good lord, I hope everyone . . . I do try, it's the only way to keep some folks away, why, did I say something you either thought. 1.  Was obvious ( I have trouble with that, don't' know many normal folks so don't knokw what they'd consider obvious) 2.  So opaque you didn't  see the point (this is the more common case, fortunately . . . ) Let me know so I

[JCMO2013]

Hmm..., how did you ever get in MIT with your 5th grade writing ability.  Most 5th graders can articulate and construct sentences unlike yourself.  Doubt you went to MIT.

[GaiusGermanicus]

First, I'm not writing a paper here (yes, in my field I'm published, but when I was an undergrad) and second I didn't GO to MIT, I was a staffer at their Plasma Fusion Center . . .  STAFF, not student. One of the things that were good there were that even the students were often smarter than I was . . . it was a refreshing change from both the Army in particular and in some

[Adrammelech]

I generally agree with you on most things but I just want to point a couple of quick things out. In the past you have said you had over a million shares, that is not a mid 5 figure range....of by a couple of magnitudes The second is undergrads generally do not get published, due to not having any form of independent projects. Masters level do at least some of the time due to their professors

[GaiusGermanicus]

Over HALF a million shares, not a million.  Right now counting partial fills, 665,100 of which 650k or so were votable. I'd need to make seriously more in the rest of my account to justify having that much in Woulfe at least at current prices.  I'm making more in net profits pursing those in the shorter term, with Woulfe's problem is that a sudden demand will spike the price