I agree the company will need another $70mil(45mil pounds)so lets say they will ask shareholders for all of this at 0.26/sh(I am happy to pay around this price) = 270mil shares + 108mil = 378mil shares. Then the company has all cash they need and is on the way to production. I am doing deep research on tungsten and I am very happy what I'm reading. Even Warren Buffett can see potential in this metal. Tungsten is not Iron Ore, there are not many producers in the world especially outside of China and demand is high therefore price should hold around $400/mtu for now. I'd like to see the price of tungsten when Europe, USA and Asia start growing again yep it will happen it's all question of time... I can not wait for iPhone 5 ;).
happy trading --------------------
GO WLF GO
WLF Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held
