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Friday, September 20, 2013 2:07:57 PM
I'm expecting this Woulfe Mining strategic agreement with IMC to be fast tracked, now that IMC's competition in the tool making market has gotten a head start on them by securing a long term tungsten supply.
After the Sangdong tungsten project is completed. I think it would be safe to say that Woulfe Mining could easily sell their portion of the Sangdong tungsten mine and ATP plant for $605+ million dollars to Warren Buffett's Berkshire Hathaway. That equals out to a $1.50+ price per share stock price on Woulfe Mining.
I know if I was in Buffett's shoes and could forsee that alot of my other companies (IMC) in the tungsten tool making business could possibly grind to a halt because the companies lacked an adequate supply of long term tungsten.
Then I'd make it a priority to obtain 100% control of that strategic metal, to ensure that did not happen. Especially now that Buffett's competition has gotten a head start over IMC. Kennametal Inc (KMT.N) is securing their long term tungsten supply by purchasing Allegheny Technologies Inc's (ATI.N) tungsten materials business for $605 million to boost supply of the raw material used to make its metal-working tools.
http://en.wikipedia.org/wiki/International_Metalworking_Companies
Berkshire Hathaway's company International Metalworking Companies (IMC) operates Iscar, TaeguTec, Tungaloy, Ingersoll and more in over 50 countries.
Read more at: http://www.stockhouse.com/companies/bullboard/v.wof/woulfe-mining-corp?postid=21747709#0HycrOx7hozdkoWg.99
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