Woulfe Mining Corp WFEMF

Tungsten Prices Are Crashing

[MarcusAurelius]

Has anyone on this message board noticed how tungsten prices continue to drift lower? Banks would not lend Woulfe Mining funds when tungsten APT prices were over $400 so why would any bank lend the funds with tungsten APT prices at $300 or lower? Management spent the past 3 or 4 years twiddling their thumbs around while nearly all of Woulfe's competitors managed to get their feet in the door and become tungsten producers. De-risking the tungsten project has drastically increased the amount of risk involved and it's highly unlikely that any bank will lend Woulfe the necessary funds to begin production unless tungsten prices make a sharp upturn in the near future. Woulfe Mining has encouraged most of their competitors to become tungsten producers because management did not fast track Woulfe's tungsten project into production. There will be a glut of tungsten on the market for years to come. Furthermore, listing Woulfe on that 3rd world stock exchange (CSE) only benefits Ned Goodman and his company Dundee Corporation. They used the CSE or Canadian Scammers Exchange as a vehicle to rip-off the other shareholders. I have been reading messages on this board about how investors are suffering and are begging the company to promote the stock on BNN. Investors are not even remotely interested in buying shares of stock on the CSE. This has been a complete FARCE!

[chizzles]

I agree about what you say about falling tungsten prices, that is the only real issue now that could hurt us.

[lonade]

Hi Chizzles, I wouldnt get too worried about that since the majority of the tungsten will be sold via an offtake agreement at a discount. This will be a long term contract, which could be reassessed at certain timeframes, as specified in the contract between IMC and WOF. So we are not in desperate need to find offtakers on the market for large amount of tungsten and will be not so dependant on

[GaiusGermanicus]

er, the offtake agreement is a discount to market price, so if the market price is low and the offtake is high then the profit could become a loss.  Say the cost of production is $250/mtu and the commercial costs is $300/mtu but IMC has an 80% takeoff at a 20% discount . . . starting to see the problem yet?   Allowing too high an offtake by its partners is the leading cause of death of

[jtsmith]

I spoke to Mr. Wesson a few years ago and the offtake discount will vary depending on the price of Tungsten. In fact, he said that if the price got below a certain threshold (I believe it was $200 or $250), that IMC would begin to pay a premium. It would be interesting to know if this is still the prcing model IMC and Woulfe will use moving forward. It may put some minds at rest. 

[chizzles]

Thanks jtsmith, that is very interesting. Woulfe is BY FAR my largest investment but I own many other stocks and read other message boards and I must say, this one is fantastic. All the others are just a bunch of pumping and bashing. This board, everyone brings a different opinion, share different knowledge, help each other understand and if we learn something new, we share it. This is really what