WLF - Wolf Minerals - Tungsten & Tin play

[shasta]

Found another undervalued resource company to join the Shasta watchlist ;)

Shares on Issue: 36,256,098 (@ $0.39 Market Cap = $14.1m)

Cash in Hand - Mar 10: $2.9m

Enterprise Value: $11.2m

Top 5 Shareholders: 44.48% (incl 2 x 10%+ holders)

Bankable feasibility studies are fully funded

Hemerdon Ball Mine - Resource (low cost, 12 year mine life @ 3Mtpa)

Inferred + Indicated resource = 97.4Mt @ W03 grade of 0.22%

In ground value = $US4.3b @ $US200mtu

Tungsten as WO3 concentrate per annum ~360,000mtu

Gives annual revenue of $US72m

C1 costs per mtu of $US82

Recent presentation

http://www.stocknessmonster.com/news-item?S=WLF&E=ASX&N=491603

Page 13 gives the timeline to production

Pages 14 & 15 highlight peer comparison on grades, resource size & market cap per mtu

Disc: Nil held

[shasta]

Found another undervalued resource company to join the Shasta watchlist ;)

Shares on Issue: 36,256,098 (@ $0.39 Market Cap = $14.1m)

Cash in Hand - Mar 10: $2.9m

Enterprise Value: $11.2m

Top 5 Shareholders: 44.48% (incl 2 x 10%+ holders)

Bankable feasibility studies are fully funded

Hemerdon Ball Mine - Resource (low cost, 12 year mine life @ 3Mtpa)

Inferred + Indicated resource = 97.4Mt @ W03 grade of 0.22%

In ground value = $US4.3b @ $US200mtu

Tungsten as WO3 concentrate per annum ~360,000mtu

Gives annual revenue of $US72m

C1 costs per mtu of $US82

Recent presentation

http://www.stocknessmonster.com/news-item?S=WLF&E=ASX&N=491603

Page 13 gives the timeline to production

Pages 14 & 15 highlight peer comparison on grades, resource size & market cap per mtu

Disc: Nil held

WLF - 84% Resource Upgrade

http://www.stocknessmonster.com/news-item?S=WLF&E=ASX&N=493896

No movement in the share price @ $0.39, its so off the radar

Anyone else following Tungsten & Tin?

[trackers]

Hi Shasta looks really interesting will be looking into this one further

timeline from pres.

Feasibility Study Completed - Sept Qtr 2010
Equity/Debt funding - Dec Qtr 2010
Commencement of construction – Mar Qtr 2010
Commencement of mining operations - Mar Qtr 2011
Commencement of treatment – Dec Qtr 2012

[Huang Chung]

Grade looks a bit skinny...

[shasta]

Grade looks a bit skinny...

How do you mean, the resource upgrade also included an improvement in grade as well?

For such a small cap its a large resource, no matter how you look at it

[shasta]

How do you mean, the resource upgrade also included an improvement in grade as well?

For such a small cap its a large resource, no matter how you look at it

WLF - June Quarterly Activites Report + Cashflow Report

http://www.stocknessmonster.com/news-item?S=WLF&E=ASX&N=499396

Interesting tungsten & tin play, large resource for such a small cap

http://www.stocknessmonster.com/news-item?S=WLF&E=ASX&N=499397

Cash on hand = $2.1m

[shasta]

WLF - June Quarterly Activites Report + Cashflow Report

http://www.stocknessmonster.com/news-item?S=WLF&E=ASX&N=499396

Interesting tungsten & tin play, large resource for such a small cap

http://www.stocknessmonster.com/news-item?S=WLF&E=ASX&N=499397

Cash on hand = $2.1m

For those of you who have done well out of KAS recently & looking for another tin play that the market has largely forgotten.

Share price $0.455

Disc:Nil

[shasta]

For those of you who have done well out of KAS recently & looking for another tin play that the market has largely forgotten.

Share price $0.455

Disc:Nil

WLF - Bonus Issue

http://www.stocknessmonster.com/news-item?S=WLF&E=ASX&N=507937

1 free option for each 5 shares held, entitlement date 13/10/10.

Options have a strike price of $0.235 & expiry date 30/9/12

[trackers]

Hey Shasta,

I see they've just done a split of 1:1.7 shares, and sp has risen almost 50% in Sept? Hmm...

Also, ex date for the issue is 7 Oct.

There's 2 years left before mining starts in earnest, and not enough upside in the meantime for my liking

[shasta]

Hey Shasta,

I see they've just done a split of 1:1.7 shares, and sp has risen almost 50% in Sept? Hmm...

Also, ex date for the issue is 7 Oct.

There's 2 years left before mining starts in earnest, and not enough upside in the meantime for my liking

WLF - Viable Hemerdon Process flowsheet finalised

http://stocknessmonster.com/news-item?S=WLF&E=ASX&N=531446

Current SP $0.375 (MCap ~$27m)

[shasta]

WLF - Hemerdon DFS ticking all the boxes

http://stocknessmonster.com/news-item?S=WLF&E=ASX&N=536696

WLF @ $0.40 has a ~$33m Market Cap

Other news;
• Tungsten APT prices exceed US$400/mtu
• Tin price in excess of US$30,000 per tonne
• UK announces a reduction in Corporation tax to 23%

Wolf is well leveraged to the rising tungsten and tin prices and will reap the benefit of strong demand for these strategic metals when it enters production.

The Company commenced the DFS on the Hemerdon project when tungsten APT prices were US$250/mtu and tin was at US$12,000 per tonne.

The Company is well placed to move into pre-production activities and has a valid and updated planning permission to develop the
mine

Worthy of adding to the watchist, given Tin & Tungsten prices

[drillfix]

I remember this one Shasta, was bickering about jumping on board at 22c previously, but then come to think about it, I am sure I did buy in at 22c and hit the eject button out at 23c for some reason at the previous time.

Ahh well, it dont matter, only missed out on a near 100% profit (Sheezus me).

[shasta]

I remember this one Shasta, was bickering about jumping on board at 22c previously, but then come to think about it, I am sure I did buy in at 22c and hit the eject button out at 23c for some reason at the previous time.

Ahh well, it dont matter, only missed out on a near 100% profit (Sheezus me).

WLF - Hemerdon Tungsten and Tin Project Definitive Feasibility Study Results

http://stocknessmonster.com/news-item?S=WLF&E=ASX&N=541817

• Strategic metals - tungsten and tin
• Approved planning permission in the United Kingdom
• Short timeline to production
• Easy mining, Open pit project
• 4th largest tungsten resource in the World

Low cost, high margin & payback in just over 3 years, this resource could well extend beyond 10 years

MCap ~$43m @ $0.52

[mickey2]

Hi Shasta
Thanks for the WLF item.
I bought some WLF on Friday13 - maybe not the best day for the superstitious - after a lot of internal debate between WLF and VMS for exposure to tin and tungsten.
Decided on WLF because the TA looked better in my novice opinion.
Here's hoping the 16 May ASX news you mentioned gives it a boost.
PS an old pharmacist buddy of mine reckoned that eating raw pineapple was very effective for some back disorders - contains an enzyme called bromelaine? Might be worth a try if it's still giving you grief.

Regards M2