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WFEMF ~ Why Big Money is Attracted to Tungsten
http://tungsteninvestingnews.com/2226-why-big-money-is-attracted-to-tungsten.html
Tungsten is a metal that is critical to modern life, but until now it has largely remained below the investment radar. However, when a legendary investor such as Warren Buffet- or at least a firm in which he has major stakes- invests in a tungsten project, the metal is bound to become a subject of growing interest.
Read more about WFEMF at:
http://investorshub.advfn.com/Woulfe-Mining-Corp-WFEMF-23053/
What will happen to WFEMF? If Warren Buffett's loyal followers decide to follow him in on his investment in Woulfe Mining.
As the money is secured and put into place, could WFEMF potentially go to $3 or $5 per share? (Remember what happened to the railroad/railway companies in the US and Canada when Warren Buffett got involved with them as well as other companies he started investing in.)
Investing 101, do your DD.
Woulfe Mining is listed as WFEMF on the OTCQX
Read more about WFEMF at:
http://investorshub.advfn.com/boards/board.aspx?board_id=23053
WFEMF ~ Time to "Back Up the Truck" on Woulfe Mining Stock!
Dundee Corporation (Ned Goodman) has invested in over 40,000,000 shares of Woulfe Mining, they had briefly secured for themselves a place on the board of directors, and a position of power in this company. In order to turn the company around and help Woulfe Mining estabilish a unique World Class Tungsten Mine. They know the potential of massive profits to be made for many years from the tungsten mine is worth the risk. They were aware of the financial situation for quite some time and have the ability to provide the funds required in the short term or longer term. Will they allow this to fail and lose their invested capital? Do you really think they are so dumb that they would have purchased an additional 3,600,000 plus shares a few months ago without any foresight?
http://canadianinsider.com/node/7?menu_tickersearch=WOF+%7C+Woulfe+Mining
In my honest opinion WFEMF could easily go down in history as one of the greatest comeback stories of all time in the junior mining sector.
Once they turn this ship around it will be nothing but blue skies and smooth sailing.
Cheers!
http://mininghalloffame.ca/inductees/2011-2014/ned_goodman
Definition of 'Back Up The Truck'
Slang that refers to the purchase of a large position in a stock or other financial asset by an investor or trader. Typically, when someone is willing to back up the truck on a financial asset, this implies that they're extremely bullish on that asset's performance.
http://www.investopedia.com/terms/b/backupthetruck.asp
Read more about WFEMF at:
http://investorshub.advfn.com/Woulfe-Mining-Corp-WFEMF-23053/
WFEMF ~ Why Big Money is Attracted to Tungsten
http://tungsteninvestingnews.com/2226-why-big-money-is-attracted-to-tungsten.html
Tungsten is a metal that is critical to modern life, but until now it has largely remained below the investment radar. However, when a legendary investor such as Warren Buffet- or at least a firm in which he has major stakes- invests in a tungsten project, the metal is bound to become a subject of growing interest.
Read more about WFEMF at:
http://investorshub.advfn.com/Woulfe-Mining-Corp-WFEMF-23053/
WFEMF ~ Why Big Money is Attracted to Tungsten
http://tungsteninvestingnews.com/2226-why-big-money-is-attracted-to-tungsten.html
Tungsten is a metal that is critical to modern life, but until now it has largely remained below the investment radar. However, when a legendary investor such as Warren Buffet- or at least a firm in which he has major stakes- invests in a tungsten project, the metal is bound to become a subject of growing interest.
Read more about WFEMF at:
http://investorshub.advfn.com/Woulfe-Mining-Corp-WFEMF-23053/
WFEMF ~ Why Warren Buffett is Loading Up on Tungsten
http://www.resourceinvestor.com/2012/06/12/why-warren-buffett-is-loading-up-on-tungsten
High-tech industries are driving demand even higher.
Tungsten is vital to the manufacturing of electrodes used in solar panels and nuclear equipment. More importantly, it's a vital component in the touch screens of smart phones and tablet devices now exploding in popularity around the world.
Read more about WFEMF at:
http://investorshub.advfn.com/Woulfe-Mining-Corp-WFEMF-23053/
WFEMF ~ Why Warren Buffett is Loading Up on Tungsten
http://www.resourceinvestor.com/2012/06/12/why-warren-buffett-is-loading-up-on-tungsten
High-tech industries are driving demand even higher.
Tungsten is vital to the manufacturing of electrodes used in solar panels and nuclear equipment. More importantly, it's a vital component in the touch screens of smart phones and tablet devices now exploding in popularity around the world.
Read more about WFEMF at:
http://investorshub.advfn.com/Woulfe-Mining-Corp-WFEMF-23053/
WFEMF ~ Warren Buffett Sees an Enormous Opportunity Here
Tungsten: Metal that's Quietly Running the World
Junior miners that mine and process tungsten may very well find themselves in a similar situation today.
And Warren Buffett agrees.
Woulfe Mining - WFEMF (TSX: V.WOF) is currently negotiating a deal with International Metalworking Companies, a Berkshire Hathaway (NYSE: BRK.A) owned holding company for metalworking products.
For a total of about $80 million, IMC is negotiating to buy a 25% stake in Woulfe’s Sandong mining project in South Korea, which was once the biggest tungsten-producing mine worldwide. By 2014, once again, the mine is set to become the biggest producer when it reopens.
It’s estimated Sandong will account for 7% to 10% of total tungsten production at that time.
Buffett is seeing an enormous opportunity here.
As Woulfe Mining’s Nick Smith told Tungsten Investing News, “Without tungsten, Western manufacturing comes to an end.”
Today the metal is used in anything from light bulbs, to drill bits for oil and gas exploration, to solar panels, to smartphones, tablets and much more.
And what makes it unique is that it’s practically immune from corrosion and can withstand unbelievably high temperatures.
Nick Smith adds, “You are not working with steel without tungsten. There’s no global mining unless you have tungsten-tipped drills.”
In other words, even though supply of tungsten is tightening worldwide, there’s no material that can currently replace demand for it no matter how high prices go.
Read more about WFEMF at:
http://investorshub.advfn.com/Woulfe-Mining-Corp-WFEMF-23053/
WFEMF ~ Warren Buffett Sees an Enormous Opportunity Here
Tungsten: Metal that's Quietly Running the World
Junior miners that mine and process tungsten may very well find themselves in a similar situation today.
And Warren Buffett agrees.
Woulfe Mining - WFEMF (TSX: V.WOF) is currently negotiating a deal with International Metalworking Companies, a Berkshire Hathaway (NYSE: BRK.A) owned holding company for metalworking products.
For a total of about $80 million, IMC is negotiating to buy a 25% stake in Woulfe’s Sandong mining project in South Korea, which was once the biggest tungsten-producing mine worldwide. By 2014, once again, the mine is set to become the biggest producer when it reopens.
It’s estimated Sandong will account for 7% to 10% of total tungsten production at that time.
Buffett is seeing an enormous opportunity here.
As Woulfe Mining’s Nick Smith told Tungsten Investing News, “Without tungsten, Western manufacturing comes to an end.”
Today the metal is used in anything from light bulbs, to drill bits for oil and gas exploration, to solar panels, to smartphones, tablets and much more.
And what makes it unique is that it’s practically immune from corrosion and can withstand unbelievably high temperatures.
Nick Smith adds, “You are not working with steel without tungsten. There’s no global mining unless you have tungsten-tipped drills.”
In other words, even though supply of tungsten is tightening worldwide, there’s no material that can currently replace demand for it no matter how high prices go.
Read more about WFEMF at:
http://investorshub.advfn.com/Woulfe-Mining-Corp-WFEMF-23053/
WFEMF ~ Warren Buffett makes first investment in S. Korean mines
http://news.mk.co.kr/newsReadPrint.php?year=2012&no=133368
Read more about WFEMF at:
http://investorshub.advfn.com/Woulfe-Mining-Corp-WFEMF-23053/
WFEMF ~ Warren Buffett makes first investment in S. Korean mines
http://news.mk.co.kr/newsReadPrint.php?year=2012&no=133368
Read more about WFEMF at:
http://investorshub.advfn.com/Woulfe-Mining-Corp-WFEMF-23053/
Huge catalyst for the WFEMF share price:
1. Finalize the strategic agreement & joint venture partnership with Warren Buffett's company IMC which is a subsidiary of Berkshire Hathaway.
http://seekingalpha.com/instablog/1066208-tim-travis/759521-woulfe-completing-buffett-deal-to-start-tungsten-mine-in-july-bloomberg
http://www.resourceinvestor.com/2012/06/12/why-warren-buffett-is-loading-up-on-tungsten
http://www.moneyweek.com/investments/commodities/industrial-metals/warren-buffett-investing-in-tungsten-22500
http://www.theglobeandmail.com/report-on-business/video-why-warren-buffett-likes-tungsten/article4171802/
http://www.bloomberg.com/news/2012-06-19/woulfe-completing-buffett-deal-to-start-tungsten-mine-in-july.html
Read more about WFEMF at:
http://investorshub.advfn.com/Woulfe-Mining-Corp-WFEMF-23053/
Huge catalyst for the WFEMF share price:
1. Finalize the strategic agreement & joint venture partnership with Warren Buffett's company IMC which is a subsidiary of Berkshire Hathaway.
http://seekingalpha.com/instablog/1066208-tim-travis/759521-woulfe-completing-buffett-deal-to-start-tungsten-mine-in-july-bloomberg
http://www.resourceinvestor.com/2012/06/12/why-warren-buffett-is-loading-up-on-tungsten
http://www.moneyweek.com/investments/commodities/industrial-metals/warren-buffett-investing-in-tungsten-22500
http://www.theglobeandmail.com/report-on-business/video-why-warren-buffett-likes-tungsten/article4171802/
http://www.bloomberg.com/news/2012-06-19/woulfe-completing-buffett-deal-to-start-tungsten-mine-in-july.html
Tungsten prices are rising while gold, silver, platinum and copper prices continue to struggle. I think the Woulfe Mining tungsten project should be receiving priority status over other projects in the junior mining sector.
http://finviz.com/futures.ashx
Gold mines are a dime a dozen but a World Class Tungsten mine is unique and could prove to be extremely valuable. In my opinion tungsten is a good bet to make just in case gold and other metal prices collapse in the future.
Two extremely powerful billionaires are currently interested in the Woulfe Mining tungsten project.
http://www.metal-pages.com/metalprices/tungsten/
Warren Buffett's Berkshire Hathaway and Ned Goodman's Dundee Corporation are currently participating in negotiations for the Woulfe Mining tungsten project.
Plus Ned Goodman was recently appointed to the Woulfe Mining board of directors to make sure this deal goes smoothly.
The current CEO mentioned in a press release that the company will be developing a World Class Tungsten mine with considerable assistance from Dundee Corporation their largest shareholder. Mr. Goodman is the founder and CEO of Dundee Corporation.
How many junior mining companies out there have someone with immense power on their board of directors like Ned Goodman at Woulfe Mining?
Canadian Mining Journal - Woulfe Mining Appoints Ned Goodman to the Board of Directors.
Ned Goodman has been named to the board of Vancouver's Woulfe Mining Corp. He is president and CEO of Dundee Corporation as well as Goodman Investment Counsel. He is a geologist, a chartered financial analyst and a member of the Canadian Mining Hall of Fame. Goodman is a contributor to Canadian Mining Journal and is widely recognized as one of Canada's most prominent and successful mining sector financiers.
http://www.canadianminingjournal.com/news/mining-people-cancana-coalspur-darnley-bay-and-woulfe-mining/1002049096/
WFEMF ~ Why Big Money is Attracted to Tungsten
http://tungsteninvestingnews.com/2226-why-big-money-is-attracted-to-tungsten.html
Tungsten is a metal that is critical to modern life, but until now it has largely remained below the investment radar. However, when a legendary investor such as Warren Buffet- or at least a firm in which he has major stakes- invests in a tungsten project, the metal is bound to become a subject of growing interest.
Read more about WFEMF at:
http://investorshub.advfn.com/Woulfe-Mining-Corp-WFEMF-23053/
WFEMF ~ Why Big Money is Attracted to Tungsten
http://tungsteninvestingnews.com/2226-why-big-money-is-attracted-to-tungsten.html
Tungsten is a metal that is critical to modern life, but until now it has largely remained below the investment radar. However, when a legendary investor such as Warren Buffet- or at least a firm in which he has major stakes- invests in a tungsten project, the metal is bound to become a subject of growing interest.
Read more about WFEMF at:
http://investorshub.advfn.com/Woulfe-Mining-Corp-WFEMF-23053/
WFEMF ~ Berkshire Hathaway Investment
(miningweekly.com) – "He may not like gold much, but billionaire Warren Buffet has taken a shining to tungsten – the metal with the highest melting point.
http://www.miningweekly.com/article/korean-tungsten-project-gets-berkshire-hathaway-investment-2012-02-29
Read more about WFEMF at:
http://investorshub.advfn.com/Woulfe-Mining-Corp-WFEMF-23053/
WFEMF ~ Berkshire Hathaway Investment
(miningweekly.com) – "He may not like gold much, but billionaire Warren Buffet has taken a shining to tungsten – the metal with the highest melting point.
http://www.miningweekly.com/article/korean-tungsten-project-gets-berkshire-hathaway-investment-2012-02-29
Read more about WFEMF at:
http://investorshub.advfn.com/Woulfe-Mining-Corp-WFEMF-23053/
If legendary investor Warren Buffett thinks WFEMF is worth investing in. Then I think that says a lot about the company's future prospects.
http://www.theglobeandmail.com/report-on-business/video-why-warren-buffett-likes-tungsten/article4171802/
Read more about WFEMF at:
http://investorshub.advfn.com/Woulfe-Mining-Corp-WFEMF-23053/
If legendary investor Warren Buffett thinks WFEMF is worth investing in. Then I think that says a lot about the company's future prospects.
http://www.theglobeandmail.com/report-on-business/video-why-warren-buffett-likes-tungsten/article4171802/
Read more about WFEMF at:
http://investorshub.advfn.com/Woulfe-Mining-Corp-WFEMF-23053/
WFEMF ~ Warren Buffett makes first investment in S. Korean mines
http://news.mk.co.kr/newsReadPrint.php?year=2012&no=133368
Read more about WFEMF at:
http://investorshub.advfn.com/Woulfe-Mining-Corp-WFEMF-23053/
WFEMF ~ Warren Buffett makes first investment in S. Korean mines
http://news.mk.co.kr/newsReadPrint.php?year=2012&no=133368
Read more about WFEMF at:
http://investorshub.advfn.com/Woulfe-Mining-Corp-WFEMF-23053/
WFEMF ~ Why Warren Buffett is Loading Up on Tungsten
http://www.resourceinvestor.com/2012/06/12/why-warren-buffett-is-loading-up-on-tungsten
High-tech industries are driving demand even higher.
Tungsten is vital to the manufacturing of electrodes used in solar panels and nuclear equipment. More importantly, it's a vital component in the touch screens of smart phones and tablet devices now exploding in popularity around the world.
Read more about WFEMF at:
http://investorshub.advfn.com/Woulfe-Mining-Corp-WFEMF-23053/
Huge catalyst for the WFEMF share price:
1. Finalize the strategic agreement & joint venture partnership with Warren Buffett's company IMC which is a subsidiary of Berkshire Hathaway.
http://seekingalpha.com/instablog/1066208-tim-travis/759521-woulfe-completing-buffett-deal-to-start-tungsten-mine-in-july-bloomberg
http://www.resourceinvestor.com/2012/06/12/why-warren-buffett-is-loading-up-on-tungsten
http://www.moneyweek.com/investments/commodities/industrial-metals/warren-buffett-investing-in-tungsten-22500
http://www.theglobeandmail.com/report-on-business/video-why-warren-buffett-likes-tungsten/article4171802/
http://www.bloomberg.com/news/2012-06-19/woulfe-completing-buffett-deal-to-start-tungsten-mine-in-july.html
Read more about WFEMF at:
http://investorshub.advfn.com/Woulfe-Mining-Corp-WFEMF-23053/
Huge catalyst for the WFEMF share price:
1. Finalize the strategic agreement & joint venture partnership with Warren Buffett's company IMC which is a subsidiary of Berkshire Hathaway.
http://seekingalpha.com/instablog/1066208-tim-travis/759521-woulfe-completing-buffett-deal-to-start-tungsten-mine-in-july-bloomberg
http://www.resourceinvestor.com/2012/06/12/why-warren-buffett-is-loading-up-on-tungsten
http://www.moneyweek.com/investments/commodities/industrial-metals/warren-buffett-investing-in-tungsten-22500
http://www.theglobeandmail.com/report-on-business/video-why-warren-buffett-likes-tungsten/article4171802/
http://www.bloomberg.com/news/2012-06-19/woulfe-completing-buffett-deal-to-start-tungsten-mine-in-july.html
Read more about WFEMF at:
http://investorshub.advfn.com/Woulfe-Mining-Corp-WFEMF-23053/
WFEMF ~ Warren Buffett Sees an Enormous Opportunity Here
Tungsten: Metal that's Quietly Running the World
Junior miners that mine and process tungsten may very well find themselves in a similar situation today.
And Warren Buffett agrees.
Woulfe Mining - WFEMF (TSX: V.WOF) is currently negotiating a deal with International Metalworking Companies, a Berkshire Hathaway (NYSE: BRK.A) owned holding company for metalworking products.
For a total of about $80 million, IMC is negotiating to buy a 25% stake in Woulfe’s Sandong mining project in South Korea, which was once the biggest tungsten-producing mine worldwide. By 2014, once again, the mine is set to become the biggest producer when it reopens.
It’s estimated Sandong will account for 7% to 10% of total tungsten production at that time.
Buffett is seeing an enormous opportunity here.
As Woulfe Mining’s Nick Smith told Tungsten Investing News, “Without tungsten, Western manufacturing comes to an end.”
Today the metal is used in anything from light bulbs, to drill bits for oil and gas exploration, to solar panels, to smartphones, tablets and much more.
And what makes it unique is that it’s practically immune from corrosion and can withstand unbelievably high temperatures.
Nick Smith adds, “You are not working with steel without tungsten. There’s no global mining unless you have tungsten-tipped drills.”
In other words, even though supply of tungsten is tightening worldwide, there’s no material that can currently replace demand for it no matter how high prices go.
Read more about WFEMF at:
http://investorshub.advfn.com/Woulfe-Mining-Corp-WFEMF-23053/
WFEMF ~ Rounded bottom reversal pattern:
Thusfar, the chart confirms a clear rounded bottom reversal pattern. I think we are currently consolidating gains from the second leg run up from .12 to 18. This .18 price appears as a major resistance point. If we can get a close above that level, I think we start the next leg up and go into the twenties not long thereafter. If we can't overcome .18 just yet, we may see a retest of .15-.16 support (another buy opportunity) and then make another run at rallying past .18 resistance. Barring any bad news, I really don't see anything on this chart that points to a major selloff. This is also supported by the currently strong level II demand and weak selling pressure.
I see a lot of potential upside for the WFEMF price per share on this chart.
Good luck to us all!
Rounded bottom reversal pattern:
WFEMF ~ chart: http://stockcharts.com/h-sc/ui
Read more about WFEMF at:
http://investorshub.advfn.com/Woulfe-Mining-Corp-WFEMF-23053/
WFEMF ~ Rounded bottom reversal pattern:
Thusfar, the chart confirms a clear rounded bottom reversal pattern. I think we are currently consolidating gains from the second leg run up from .12 to 18. This .18 price appears as a major resistance point. If we can get a close above that level, I think we start the next leg up and go into the twenties not long thereafter. If we can't overcome .18 just yet, we may see a retest of .15-.16 support (another buy opportunity) and then make another run at rallying past .18 resistance. Barring any bad news, I really don't see anything on this chart that points to a major selloff. This is also supported by the currently strong level II demand and weak selling pressure.
I see a lot of potential upside for the WFEMF price per share on this chart.
Good luck to us all!
Rounded bottom reversal pattern:
WFEMF ~ chart: http://stockcharts.com/h-sc/ui
Read more about WFEMF at:
http://investorshub.advfn.com/Woulfe-Mining-Corp-WFEMF-23053/
WFEMF Has turned into a very interesting chart.
Thusfar, the chart confirms a clear rounded bottom reversal pattern. I think we are currently consolidating gains from the second leg run up from .12 to 18. This .18 price appears as a major resistance point. If we can get a close above that level, I think we start the next leg up and go into the twenties not long thereafter. If we can't overcome .18 just yet, we may see a retest of .15-.16 support (another buy opportunity) and then make another run at rallying past .18 resistance. Barring any bad news, I really don't see anything on this chart that points to a major selloff. This is also supported by the currently strong level II demand and weak selling pressure.
I see a lot of potential upside for the WFEMF price per share on this chart.
Good luck to us all!
Rounded bottom reversal pattern:
WFEMF chart: http://stockcharts.com/h-sc/ui
Read more about WFEMF at:
http://investorshub.advfn.com/Woulfe-Mining-Corp-WFEMF-23053/
WFEMF Has turned into a very interesting chart.
Thusfar, the chart confirms a clear rounded bottom reversal pattern. I think we are currently consolidating gains from the second leg run up from .12 to 18. This .18 price appears as a major resistance point. If we can get a close above that level, I think we start the next leg up and go into the twenties not long thereafter. If we can't overcome .18 just yet, we may see a retest of .15-.16 support (another buy opportunity) and then make another run at rallying past .18 resistance. Barring any bad news, I really don't see anything on this chart that points to a major selloff. This is also supported by the currently strong level II demand and weak selling pressure.
I see a lot of potential upside for the WFEMF price per share on this chart.
Good luck to us all!
Rounded bottom reversal pattern:
WFEMF chart: http://stockcharts.com/h-sc/ui
Read more about WFEMF at:
http://investorshub.advfn.com/Woulfe-Mining-Corp-WFEMF-23053/
Huge catalyst for the WFEMF share price:
1. Finalize the strategic agreement & joint venture partnership with Warren Buffett's company IMC which is a subsidiary of Berkshire Hathaway.
http://seekingalpha.com/instablog/1066208-tim-travis/759521-woulfe-completing-buffett-deal-to-start-tungsten-mine-in-july-bloomberg
http://www.resourceinvestor.com/2012/06/12/why-warren-buffett-is-loading-up-on-tungsten
http://www.moneyweek.com/investments/commodities/industrial-metals/warren-buffett-investing-in-tungsten-22500
http://www.theglobeandmail.com/report-on-business/video-why-warren-buffett-likes-tungsten/article4171802/
http://www.bloomberg.com/news/2012-06-19/woulfe-completing-buffett-deal-to-start-tungsten-mine-in-july.html
Read more about WFEMF at:
http://investorshub.advfn.com/Woulfe-Mining-Corp-WFEMF-23053/
Huge catalyst for the WFEMF share price:
1. Finalize the strategic agreement & joint venture partnership with Warren Buffett's company IMC which is a subsidiary of Berkshire Hathaway.
http://seekingalpha.com/instablog/1066208-tim-travis/759521-woulfe-completing-buffett-deal-to-start-tungsten-mine-in-july-bloomberg
http://www.resourceinvestor.com/2012/06/12/why-warren-buffett-is-loading-up-on-tungsten
http://www.moneyweek.com/investments/commodities/industrial-metals/warren-buffett-investing-in-tungsten-22500
http://www.theglobeandmail.com/report-on-business/video-why-warren-buffett-likes-tungsten/article4171802/
http://www.bloomberg.com/news/2012-06-19/woulfe-completing-buffett-deal-to-start-tungsten-mine-in-july.html
Read more about WFEMF at:
http://investorshub.advfn.com/Woulfe-Mining-Corp-WFEMF-23053/
WFEMF ~ Why Warren Buffett is Loading Up on Tungsten
http://www.resourceinvestor.com/2012/06/12/why-warren-buffett-is-loading-up-on-tungsten
High-tech industries are driving demand even higher.
Tungsten is vital to the manufacturing of electrodes used in solar panels and nuclear equipment. More importantly, it's a vital component in the touch screens of smart phones and tablet devices now exploding in popularity around the world.
Read more about WFEMF at:
http://investorshub.advfn.com/Woulfe-Mining-Corp-WFEMF-23053/
WFEMF ~ Why Warren Buffett is Loading Up on Tungsten
http://www.resourceinvestor.com/2012/06/12/why-warren-buffett-is-loading-up-on-tungsten
High-tech industries are driving demand even higher.
Tungsten is vital to the manufacturing of electrodes used in solar panels and nuclear equipment. More importantly, it's a vital component in the touch screens of smart phones and tablet devices now exploding in popularity around the world.
Read more about WFEMF at:
http://investorshub.advfn.com/Woulfe-Mining-Corp-WFEMF-23053/
WFEMF ~ Warren Buffett Sees an Enormous Opportunity Here
Tungsten: Metal that's Quietly Running the World
Junior miners that mine and process tungsten may very well find themselves in a similar situation today.
And Warren Buffett agrees.
Woulfe Mining - WFEMF (TSX: V.WOF) is currently negotiating a deal with International Metalworking Companies, a Berkshire Hathaway (NYSE: BRK.A) owned holding company for metalworking products.
For a total of about $80 million, IMC is negotiating to buy a 25% stake in Woulfe’s Sandong mining project in South Korea, which was once the biggest tungsten-producing mine worldwide. By 2014, once again, the mine is set to become the biggest producer when it reopens.
It’s estimated Sandong will account for 7% to 10% of total tungsten production at that time.
Buffett is seeing an enormous opportunity here.
As Woulfe Mining’s Nick Smith told Tungsten Investing News, “Without tungsten, Western manufacturing comes to an end.”
Today the metal is used in anything from light bulbs, to drill bits for oil and gas exploration, to solar panels, to smartphones, tablets and much more.
And what makes it unique is that it’s practically immune from corrosion and can withstand unbelievably high temperatures.
Nick Smith adds, “You are not working with steel without tungsten. There’s no global mining unless you have tungsten-tipped drills.”
In other words, even though supply of tungsten is tightening worldwide, there’s no material that can currently replace demand for it no matter how high prices go.
Read more about WFEMF at:
http://investorshub.advfn.com/Woulfe-Mining-Corp-WFEMF-23053/
WFEMF ~ Warren Buffett Sees an Enormous Opportunity Here
Tungsten: Metal that's Quietly Running the World
Junior miners that mine and process tungsten may very well find themselves in a similar situation today.
And Warren Buffett agrees.
Woulfe Mining - WFEMF (TSX: V.WOF) is currently negotiating a deal with International Metalworking Companies, a Berkshire Hathaway (NYSE: BRK.A) owned holding company for metalworking products.
For a total of about $80 million, IMC is negotiating to buy a 25% stake in Woulfe’s Sandong mining project in South Korea, which was once the biggest tungsten-producing mine worldwide. By 2014, once again, the mine is set to become the biggest producer when it reopens.
It’s estimated Sandong will account for 7% to 10% of total tungsten production at that time.
Buffett is seeing an enormous opportunity here.
As Woulfe Mining’s Nick Smith told Tungsten Investing News, “Without tungsten, Western manufacturing comes to an end.”
Today the metal is used in anything from light bulbs, to drill bits for oil and gas exploration, to solar panels, to smartphones, tablets and much more.
And what makes it unique is that it’s practically immune from corrosion and can withstand unbelievably high temperatures.
Nick Smith adds, “You are not working with steel without tungsten. There’s no global mining unless you have tungsten-tipped drills.”
In other words, even though supply of tungsten is tightening worldwide, there’s no material that can currently replace demand for it no matter how high prices go.
Read more about WFEMF at:
http://investorshub.advfn.com/Woulfe-Mining-Corp-WFEMF-23053/
Canadian Mining Journal - Woulfe Mining Appoints Ned Goodman to the Board of Directors.
Ned Goodman has been named to the board of Vancouver's Woulfe Mining Corp. He is president and CEO of Dundee Corporation as well as Goodman Investment Counsel. He is a geologist, a chartered financial analyst and a member of the Canadian Mining Hall of Fame. Goodman is a contributor to Canadian Mining Journal and is widely recognized as one of Canada's most prominent and successful mining sector financiers.
http://www.canadianminingjournal.com/news/mining-people-cancana-coalspur-darnley-bay-and-woulfe-mining/1002049096/
Canadian Mining Journal - Woulfe Mining Appoints Ned Goodman to the Board of Directors.
Ned Goodman has been named to the board of Vancouver's Woulfe Mining Corp. He is president and CEO of Dundee Corporation as well as Goodman Investment Counsel. He is a geologist, a chartered financial analyst and a member of the Canadian Mining Hall of Fame. Goodman is a contributor to Canadian Mining Journal and is widely recognized as one of Canada's most prominent and successful mining sector financiers.
http://www.canadianminingjournal.com/news/mining-people-cancana-coalspur-darnley-bay-and-woulfe-mining/1002049096/