news, page-3

Here is the text of the recent coverage:

'Newcrest expects to produce 4800 tonnes of tungsten concentrate a year. That might not seem much, but world output in 2009 totalled just 62,000 tonnes. As the BGS points out, Newcrest's output would be twice the size of the Xianglushan mine in Jiangxi province. Apart from tungsten, O'Callaghans contains copper, zinc and lead. The deposit is shaping up as another money-spinner for Newcrest, and the company has signed a preliminary agreement with Mitsubishi for the tungsten concentrate. However, this is not the biggest tungsten deposit owned by an Australian-listed company. O'Callaghans is listed in the British report as having 135,000 contained tonnes, but in fourth place in the world is Hemerdon in England, with 309,000 contained tonnes.

Hemerdon is owned by Wolf Minerals (WLF), which has received planning permission from Devon county to start mining at the tungsten-tin project. The definitive feasibility study will be ready in the present quarter.'

So, the fourth largest tungsten deposit on the planet has a $30 mill market cap? Not for long you suspect, especially when the DFS gets released 'in the present quarter'...

Today's trade suggests more than a few punters are happy to buy WLF on the basis that the DFS will be a beauty.