Wolf Minerals managing director Humphrey Hale has every right to feel a little bit proud about how he has manouevred his company to the brink of becoming the world’s next significant tungsten producer.

While Wolf’s peers have been collapsing or running down their kitties to their last few thousand dollars, Hale has defied the odds to pull together a $212 million funding package that should see the company’s Hemerdon project in Devon, England in production by 2015.