Woulfe Mining Corp WFEMF

NPV

[chizzles]

Again, just asking because a lot of you have the knowledge that I don't...With the updated NPV being $121M and if I remember correctly, under previous management and before the revised mining plan, NPV was estimated at $535M, does that mean the value of the mine is less then a quarter then what was initially thought? Thank you again and sorry for asking so many questions... Chizzles

[alta777]

differnt cutoff grade was used this time

[74volfram]

Expanding on alta777's brief and precise message: The mining plan is developed based on tungsten price, ore processing costs, ore grade and proven deposits, often by a specialized outfit with proprietary moidels. The most basic and important parameter that comes out of the above conditions is the cut-off grade of the mine plan. At Sangdong, the original cutoff grade of 0.15% (good at 400 APT

[chizzles]

Thank you Volfram, that is exactly what I was looking for...so basically, if tungsten goes back to $400 APT, the NPV will go up significantly. Very appreciated, Chizzles

[abc111]

Hi 74vol, Thank you for sharing your knowledge and thoughts!!! Want to let you know that I've been enjoying your posts since you came online. Hope you continue to share your thoughts and thanks again for your contribution on this board! Happy Holidays to everyone here!

[chizzles]

I agree 100%, for a "simple" investor like me, 74vol's posts have been fantastic reads. Sharing your knowledge with us is greatly appreciated.