my thoughts

Hi to all,

I do not think we should be so skeptical about this capital rising.

1. It's very hard to rise $183Mil in this market.
2. If someone invests $183Mil it must be for a good reason do not you think?
3. We will have a large number of shares on issue but we do not have to pay interest and we have green light to start construction and soon producing Tungsten and Tin.
4. Tungsten and Tin are in big demand and the forecast is very bright indeed.
5. Do not forget that mine life could be extended and probably will.
6. With 3,500t of Tungsten + Tin/ year, debt free we will start making money from the first year.
I think the profit will be around $65,000,000/year.
That is my estimate and if that was a dividend then we would get about 8% if the SP is $1 and that sounds good to me.
7. Once the company has cash flow I am sure they will look around for other projects.

I will keep holding WLF coz we are close to production with funds almost in the bank and Tungsten and Tin are the right metals to have in the portfolio.
I will buy more at $0.30 when I get the SPP, it's a last chance at this price.