Woulfe Mining (Wolfram, Molybden, Gold)
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Investing in Tungsten: The Little-Known Metal That’s Quietly Running the World
by Mike Kapsch, Investment U Research
Friday, June 15, 2012
A little-discussed metal called tungsten is set to become one of the most sought-after commodities on Wall Street.
At Investment U, we’re not in the business of showing people how to make a quick buck.
Actually, I’d say we’re on the opposite end of the spectrum, as we relentlessly advise growing and protecting your wealth at a steady and safe rate. (For more see here, here, here, here and here.)
But that doesn’t mean you shouldn’t take advantage of a hot opportunity when you see one.
In fact, a little-discussed metal called tungsten is set to become one of the most sought-after commodities on Wall Street.
And a handful of junior mining stocks are poised to skyrocket as a result. This is because, as demand for tungsten is ramping higher around the world, supplies are dwindling even faster.
Warren Buffet is Leading the Charge
Now before we go any further, you should fully understand that junior mining stocks are risky investments.
Legendary investor Doug Casey calls them “the most volatile stocks on earth.”
But where there’s risk, there’s also potential reward. And junior miners can return some of the biggest profits known to man.
For example, since 2009, Detour Gold Corporation (TSX: DGC) has soared as much as 1,025%. And some companies, like ATAC Resources (TSX: ATC), have exploded well over 10,000% in the past.
Junior miners that mine and process tungsten may very well find themselves in a similar situation today.
And Warren Buffett agrees.
In February, Woulfe Mining (TSX: WOF) inked 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 agreed to buy a 25% stake in Woulfe’s Sandong mining project in South Korea, which was once the biggest tungsten-producing mine worldwide. By early 2013, 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.
China currently hoards 80% of the world’s tungsten supply and expects to use all of it to support its own manufacturing industry.
This leaves little options for any company that’s dependent on tungsten for their own goods and services.
How to Play the Trend
While there’s really no “safe” pure play on tungsten right now, there are a number of junior mining stocks that could skyrocket as supplies continue constricting.
Among the top five I’m interested in are Playfair Mining (TSX: PLV), Malaga Inc. (TSX: MLG), Woulfe Mining (TSX: WOF), Happy Creek Minerals (TSX: HPY), and Largo Resources (TSX: LGV).
Just keep in mind, these companies are very small and subject to big price swings. So be sure to give your trailing stops enough room to handle a bumpy, yet potentially lucrative, ride.
Good Investing,
Mike Kapsch
Quelle:http://www.investmentu.com/2012/June/investing-in-tungsten.html
http://www.resourceintelligence.net/...nce+%28resourceINTELLIGENCE%29
mfg
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Wertpapier: Woulfe Mining |
- IMC due diligence complete first week July
June
Closing $20 million convertible at 120% price (28.5 c).
MoUfor project debt financing ($110M @6%).
July
IMC confirm due diligence 60 days closing strategic deal ($70M, eq55c ).
Reserves update–5 months extra drilling
Start mining, production haul way
Purchase land
Process plant tenders
Order long lead time items
Aug
Update feasibility to include molybdenum, Korean mining cost and longer mine life
Close Bank debt
Construction of plant
"Investorenlegende Warren Buffett setzt auf Wolfram
Die Beteiligungsgesellschaft des weltbekannten Investors Warren Buffett, hat im vergangenen Februar bekannt gegeben, dass sich International Metalworking Companies (IMC) – an der Berkshire Hathaway (WKN 854075) 80% der Unternehmensanteile hält – an einem aufkommenden Wolframproduzenten beteiligen will. IMC hat zugestimmt, eine 25%tige Beteiligung an Woulfe Mining’s (WKN A1CTE1) 100%tigem Tochterunternehmen Sangdong Mining Corp. für 35 Millionen USD zu erwerben. Sangdong ist Eigentümer des gleichnamigen Sangdong Wolfram-/Molybdänprojekt in Südkorea, das die ehemals größte Wolfram-Mine der Welt beinhaltet. Die Mine wurde aufgrund von niedrigen Metallpreisen Anfang der 90er Jahre geschlossen und soll nun reaktiviert werden.
Der Deal mit IMC umfasst außerdem eine lukrative Vereinbarung zur Abnahme der zukünftigen Wolframproduktion und die Gründung eines neuen Gemeinschaftsunternehmens. Damit scheint Woulfe Mining für die Zukunft glänzend aufgestellt. IMC gehört zu den weltweit größten Metallverarbeitern und Endabnehmern von Wolfram und ist bestrebt langfristige Abnahmeverträge zu erzielen. Woulfe Mining plant nach den üblichen, kleinen Verzögerungen im Minensektor, die Produktion auf Sangdong in 2013 wieder aufzunehmen. Damit wird die Gesellschaft bereits mittelfristig signifikanten Cashflow generieren können. Mit dem zukünftigen Kapitalfluss sollen die weiteren Explorations- und Entwicklungsprogramme auf Sangdong aus eigener Kraft finanziert werden.
Die indirekte Beteiligung von Buffett an einem zukünftigen Wolframproduzenten lies Ende Februar nicht nur die komplette Wolframbranche aufhorchen. Schließlich werden jegliche Investitionen des legendären Investors weltweit intensiv verfolgt. Des Weiteren ist es eine Seltenheit, dass Buffett in Minenkonzerne investiert. Der Einstieg des renommierten Starinvestors aus Oklahoma verleiht dem Wolframsektor daher natürlich einen besonderen Charme. Buffett gilt seit vielen Jahrzehnten als genialer Fundamentalinvestor und legt das Geld seiner einflussreichen Beteiligungsgesellschaft bekanntlich nur in sehr solide, aussichtsreiche und wachstumsstarke Branchen und Industriesegmente an.."
http://www.rohstoff-investingnews.de/rohstoffe/...-besonderem-charme/
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 28, 2012) - Woulfe Mining Corp. ("Woulfe" or the "Company") (TSX VENTURE:WOF)(OTCQX:WFEMF)(FRANKFURT:OZ4) today announced that IMC has received a report from its independent consultants appointed to assist in IMC's due diligence of the Sangdong Mine project. The parties will continue to work together and discuss the report and the next steps in connection with IMC's ongoing due diligence and the project. Upon satisfactory completion of due diligence by IMC, and subject to the other terms and conditions of the definitive agreements in respect of the transaction, the parties will have a further 60 days to complete the transaction, unless further extended by mutual agreement.
As previously announced, subject to the terms and conditions of the definitive agreements in respect of the transaction, IMC will acquire a 25% interest in the Company's Korean subsidiary ("Sangdong") holding the Sangdong project for cash consideration totaling C$35 million, which funds will be utilized by Sangdong for the development of the mine and processing plant necessary to mine and process tungsten and Molybdenum ores in 2013.
Also as previously announced, subject to the terms and conditions of the definitive agreements in respect of the transaction, Woulfe and IMC will jointly establish a Korean joint venture company which will build a tungsten refining plant to produce Ammonia Para Tungstate (APT), which joint venture company will be owned 55% by IMC and 45% by Woulfe. IMC has agreed to subscribe for C$19.25 million in equity in the joint venture company and lend to Woulfe C$15.75 million, all of which will be contributed by Woulfe to pay for Woulfe's 45% interest in the joint venture company, and which may be repaid in tungsten concentrate produced by Sangdong. Please see the Company's press release dated February 28, 2012 for additional information regarding the strategic arrangements entered into with IMC.
Brian Wesson CEO and President of Woulfe Mining commented "we have been working closely with IMC's team during this process and look forward to finalizing the arrangements in Korea."
On Behalf of the Board of Directors
Woulfe Mining Corp.
Brian Wesson (FAusIMM), President, CEO and Director
http://tmx.quotemedia.com/...le.php?newsid=52365148&qm_symbol=WOF
inverse
Die Komunikation Woulfe ist mehr als strange derzeit:
Erst heisst es 60 Tage, dann auf einmal 10 Tage mehr und in der Unternehmenspräsentation von gestern steht erste Juli Woche und dann heute irgendwas von weiteren 60Tagen.
Macht für mich überhaupt keinen Sinn auch nicht aus Sicht von IMC außer IMC braucht Zeit um ein Buy Out zu überprüfen.
Inverse
I believe that there are 2 important dates regarding the IMC deal with Woulfe Mining.
The first is when IMC need complete their due diligence and move to closing which has been extended by 10 days to the week of July 3rd 2012.
The second is the closing date (when Woulfe receives funds) itself which is and always was 60 days later.
To the best of my knowledge Woulfe has only added 10 days to this process not 120.
Cheers
nick
Scheinen doch nur 10 Tage zusätzlich zu sein, dann bringt man nicht so eine verkackte Meldung wie heute raus die Total misinterpretiert werden kann. Das Resultat dieser Meldung sieht man am Kurs.
Inverse
I believe that there are 2 important dates regarding the IMCdeal with Woulfe Mining.
The first is when IMC need complete their due diligence and move to closing which has been extended by 10 days to the week of July 3rd 2012.
The second is the closing date (when Woulfe receives funds) itself which is and always was 60 days later.
To the best of my knowledge Woulfe has only added another 10 days to this process not 120.
Cheers
Gruß
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 29, 2012) - Woulfe Mining Corp. ("Woulfe" or the "Company") (TSX VENTURE:WOF)(OTCQX:WFEMF)(FRANKFURTZ4) would like to clarify that there is no extra 60 days in the deal with our strategic partner and it is on track, moving forward under the terms outlined in the agreement announced on February 28th, 2012.
Brian Wesson, CEO and President, commented, "Woulfe has a very strong project and the strategic partner makes it a world leader."
On Behalf of the Board of Directors
Woulfe Mining Corp.
Brian Wesson (FAusIMM), President, CEO and Director
About Woulfe Mining Corp.
Woulfe is developing the Sangdong tungsten-molybdenum mine which was historically one of the largest tungsten mines in the world and one of the few long life, high grade tungsten deposits outside of China. Woulfe has assembled a highly skilled, in-country, bilingual technical team and a board of directors with an outstanding track record of success.
Woulfe Signs Memorandum of Understanding (MoU) for KRW120 Billion (US$104 million) Debt Financing With Korea's Largest Bank
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 12, 2012) - Woulfe Mining Corp. ("Woulfe" or the "Company") (TSX VENTURE:WOF)(OTCQX:WFEMF)(FRANKFURT:OZ4) is pleased to announce Sangdong Project financing is moving forward with an offer from Shinhan bank, the largest commercial bank in Korea. On July 11, 2012, Woulfe and its wholly owned subsidiary, Sangdong Mining Corporation, executed a MoU with Shinhan Bank (lodged on SEDAR) for a 12-year term loan amounting to 120 Billion Korean Won (approx. US$104 Million at the prevailing exchange rate of US$1.00 = KRW1,145) for the development of the Sangdong Tungsten/Molybdenum Project.
Summary terms of the debt facilities are:
12-year KRW110 Billion Senior Debt Facility(KRW55 Billion Tranche A at 5.80% p.a. fixed rate and KRW55 Billion Tranche B at a 3-month "AAA" Bank Bond rate, currently 3.40% p.a., plus 2.30% p.a.) and 5-year KRW10 Billion Working Capital Credit Facility at a 3-month CD currently 3.54% p.a., plus 2.50% p.a.
Brian Wesson, CEO of Woulfe, stated: "The terms offered by Shinhan bank are very competitive at less than 6.0% p.a. inclusive of all costs. The KRW120 Billion debt financing will complement the $70 Million equity (US$35 million for Sangdong and US$35 million for APT refinery) put in place through the strategic deal signed earlier this year. The debt and equity at a subsidiary level will be adequate to develop the Sangdong Project through to production. Additionally, this competitive financing will contribute substantially to the value of the project. The Tetra Tech Inc. Feasibility Report dated 23rd April 2012 assessed the Project NPV and IRR to be US$400.3 million and 46% respectively and this 6% debt will have a substantial positive impact on project NPV and IRR."
The extensive time spent by management over the past year in marketing the company and raising financing is now in its final stages, allowing Woulfe to focus on bringing the mine into production. New mine access development will begin in August 2012. Exploratory production mining is under way having produced over 2,000 tonnes of ore, stockpiled on surface. Production of tungsten metal is scheduled for 2013.
On Behalf of the Board of Directors
Woulfe Mining Corp.
Brian Wesson (FAusIMM), President, CEO and Director
Quelle:http://www.marketwire.com/press-release/...sx-venture-wof-1679328.htm
Gute News bei WOF! Mit dem langfristigen Kredit unterstreichen sie ihre nachhaltigen Ambitionen und zeigen, dass sie aufgrund der Projektqualität und dem Vertrauen in die Story kapitalintensive Finanzierungen erfolgreich meistern können. Zudem kommt der starke Name hinter dem Kapitalgeber, niemand Geringeres als Südkoreas größte und einflussreichste Bank - das ist ein starkes Vertrauenszeichen und ein wichtiger support für WOF. Ein weiterer relevanter Punkt: Durch diesen Deal kann WOF ebenfalls erfolgreich die Dilution stark eindämmen. Die Konditionen der Finanzierung sind mE auch passabel.
Nun scheinen sie für die nächsten Entwicklungsschritte ausreichend finanziert zu sein: "The extensive time spent by management over the past year in marketing the company and raising financing is now in its final stages, allowing Woulfe to focus on bringing the mine into production. New mine access development will begin in August 2012. Exploratory production mining is under way having produced over 2,000 tonnes of ore, stockpiled on surface. Production of tungsten metal is scheduled for 2013.."
Woulfe Signs Memorandum of Understanding (MoU) for KRW120 Billion (US$104 million) Debt Financing With Korea's Largest Bank
http://www.reuters.com/article/2012/07/12/...7+12-Jul-2012+MW20120712
Für mich unverständlich.
Na ja was solls, einer wird sich über die billigen Shares freuen.
Am besten wäre es jetzt wenn der Euro weiter so richtig fällt,gibt noch eine schöne extra Währungssperkulation dazu.
Inverse
Warum der Kurs nicht stark steigt ist allemal das, was man zur Zeit bei allen Minen beobachtet !!!!!!!!!!
Großer Bullsh i t !!!!!!!!!
da müssen wir Rohstoff-fuzzies durch....
Die interessanteste Frage ist wann das Tal der Tränen durchschritten ist:)?!
Vielleicht ist IMC draussen und die Chinesen sind drin, wurden ja Präsentationen in China gehalten. Also von daher ist sicher noch Unsicherheit aber das gleicht mehr als genug der Kredit aus.
Von daher ist Woulfe erstmal in einer besseren Verhandlungspostion falls es noch Unstimmigkeiten geben sollte.
Denke werde nochmal in meine Geldbörse schauen und mir einen Schluck gönnen.
Inverse
Der Kurs schwächelt einerseits aufgrund der Sektorbaisse, andererseits aufgrund des noch nicht fixen Dealabschlusses mit Shinhan (MoU!), d.h. er ist noch nicht in trockenen Tüchern. Zudem kommt die anhaltende Unsicherheit über den IMC-Deal, welcher ebenfalls noch nicht 100% sicher ist..
Woulfe dagegen möchte für sich das beste rausholen und damit für uns.
Als Woulfe merkte was IMC will (Preis drücken) ergriff Woulfe die Möglichkeit der Wandelanleihe um Handlungsfähig zu bleiben und loslegen zu können ohne IMC. So nach dem Motto, wir gehen unseren Weg notfalls ohne euch. IMC nun drängte auf eine Verlängerung der DD Zeit. In meinen Augen nur um den Druck auf Woulfe zu erhöhen auch Zeitmäßig. IMC weiss und wußte was Woulfe Wert ist dazu brauchen die im Leben keine 60 Tage. Die Fakten liegen schon seit Monaten auf dem Tisch. Nun da die 60 Tagen rum sind und auch die Verlängerung von 10 Tagen rum ist und immer noch nichts von IMC zu hören ist um weiter den Druck zu erhöhen kommt nun Woulfe mit der MoU die defintiv zeigt wir können notfalls auch komplett ohne IMC, (Falls die Bank mitspielt). Nun liegt der nächste Schritt wieder bei IMC, entweder die bewegen sich oder Woulfe muss Farbe bekennen ob IMC noch an Board ist.
Gruß
Inverse
A Day In the Life at Sangdong: RIN Editor Tours Korean Tungsten Mine
September 20th, 2012 - Vancouver, Canada -Woulfe Mining Corp. ("Woulfe" or the "Company") (TSX VENTURE:WOF) (OTCQX:WFEMF) (FRANKFURT:OZ4) Today, Woulfe Mining received confirmation from International Metal Working Company ("IMC") that IMC is satisfied with the results of its due diligence of the Sangdong project, as required by the transaction agreement executed on February 26, 2012 (the "Transaction Agreements"), and will be working toward closing its investment in the Sangdong project, subject to the remaining conditions to the transactions.
Brian Wesson CEO and President commented; "The successful completion of due diligence marks an important milestone in the development of the Sangdong project. We look forward to working with IMC towards the completion of the transactions contemplated by the Transaction Agreements."
On Behalf of the Board of Directors
Woulfe Mining Corp.
"Brian Wesson"
Brian Wesson (FAusIMM),
President, CEO and Director
About Woulfe Mining Corp “Unearthing Global Assets”
Woulfe Mining Corp is focused on ‘Unearthing Global Assets’ through the recognition and development of undervalued natural resource projects. Woulfe differentiates itself by boasting significant technical expertise in the design, development and operation of mining projects.
Our flag ship project is the Sangdong tungsten mine in South Korea, historically the world’s largest tungsten mine for over 40 years. Sangdong is expected to return to production by Q4 of 2013. Woulfe has entered into strategic agreements with International Metalworking Companies B.V. (‘IMC’). This partnership brings strategic advantage given Woulfe’s mining and processing technical abilities and IMC’s downstream manufacturing skills, high level of innovation and quality of products sold into the global tungsten market. Woulfe Mining Corp. is a TSX-V listed company. Further information can be found on Woulfe’s website www.woulfemining.com or on info@woulfe.com.au