Ann: Hemerdon Project ISO 14001 Certification, page-5

Hi Scottm, I don't have any back of the envelope calculation, what I was talking about, is currently the sp is sitting on around 36-38 cents, which looks like its the floor for WLF, the mine is not yet operating, it will be very soon, once it does start producing tungsten, IMO, the sp will be higher then what it is now 37.5 cents.

WLF, will have the 4th largest tungsten mine in the world, with a pay-back of around 3-4 years I think, they will have a mine life of around 15+ as well I think. With that in mind, IMO, I think the currently sp is way too low, once WLF starts producing the tungsten, the sp should be north of .50 cents.........As long as there isn't any problems at the mine site!