Woulfe Mining Corp fka WOF

[CosmicRambler]

Here some old links, sort of nice if you never saw them.

http://www.b-tv.com/features/watch-now.html?clip=WoulfeMiningDec10.wmv

http://www.slideshare.net/objectivecapital/nick-smith-woulfe-7366344

I think there is some confusion about Korea Zinc. They already are the senior partner and have already put money into all the active projects. My understanding it is a 51/49% split and Woulfe will be carried on each project. That will probably also be so on all the following projects. Woulfe will probably remain as the operating partner. Typically they advance some money at the start and then there is a lump payment before major costs. Some indications the off take company is close by for tungsten might be named something like Taegutec. But apparently they are in the business of using / buying / selling the metal. Again a Korean type operation.

Did spend some time looking at other potential projects. Not much info out there. Chongyang was apparently an operating open pit tungsten mine and could also have some gold. Again it was probably not mined completely out but shut down because of low prices. Nothing much beyond that comes up in searches.

And Ogchon and Yeonwha projects. Again not much comes up on them. Lots of work still to go in Korea.

They also might have an old Ivanhoe gold mine project down on several of the offshore islands, probably in the Jelollanam-do group (Moisand, Kunsan, Gasado). Ivanhoe did operate it in the early 2000's. Then a company called Asia Gold got it and apparently Woulfe now has it.

So lots of other things to come down the road. I hear Korea Zinc will probably be the partner in most of it. Somewhere I saw a document that detailed all of that type thing but either it disappeared off the web or what. I didn't apparently bookmark it. I think it has already basically been agreed upon.

Would not be surprised to get a 10 bagger before too many more years. A tad over $2 will do it for me.