I never really liked the details of the IMC deal. Particularly the 90% offtake. That too in my opinion leaves Woulfe with very diminished upside should Tungsten prices increase.
If and when we get the $10 mil. filled, I'd really like to see Woulfe turn the tables on IMC and renegotiate the offtake down to something closer to 50% of production. This strategy will substantially increase the chances of a buyout from IMC.