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Bullboard - Stock Discussion Forum
West High Yield (W.H.Y) Resources Ltd
V.WHY
Alternate Symbol(s):
WHYRF
Metals & Mining
Industrial Metals & Minerals
West High Yield (WHY) Resources Ltd is a Canada-based junior mining exploration and development company. The Company is focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its Record Ridge critical mineral (magnesium, silica, and nickel) deposit using green processing techniques to minimize waste and CO2 emissions. The...
Company’s Record Ridge critical mineral deposit located 10 kilometers southwest of Rossland, British Columbia has approximately 10.6 million tonnes of contained magnesium. The Company retains 100% of the mineral rights to the Record Ridge Property, which consists of 29 contiguous mineral claims, eight crown-granted claims, and one privately owned claim totaling 8,972 hectares. The known magnesium mineralization is located within two of the mineral claims. The infrastructure for the proposed development of the Record Ridge Property is located on mineral tenures controlled by the Company.
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Bullboard (TSXV:WHY)
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(16)
•••
whatisWHYY
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Comment by
whatisWHYY
on Dec 08, 2021 6:40pm
RE:RE:RE:RE:RE:RE:Galaxy website
Why needs to prioritize the submission of its permit application to add some legitimacy to this. A LOI with a private company that has a Hawaii address and no proof of ability to come up with cash or
...more
(16)
•••
whatisWHYY
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Comment by
whatisWHYY
on Dec 08, 2021 1:40pm
RE:RE:RE:RE:RE:Galaxy website
lets hope so. I've heard "inches away from the finish line" for a few years now...
(9)
•••
MoneyK
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Comment by
MoneyK
on Dec 08, 2021 1:16pm
RE:RE:RE:RE:Galaxy website
I was told that they are inches away from the finish line. I'm expecting something in the coming 2-6 weeks. MoneyK
(16)
•••
whatisWHYY
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Comment by
whatisWHYY
on Dec 08, 2021 12:09pm
RE:RE:RE:Galaxy website
in your conversation with the office, did they say when they were going to get the permit application submitted?
(9)
•••
MoneyK
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Comment by
MoneyK
on Dec 08, 2021 10:06am
RE:RE:Galaxy website
Yes, fully agree. That is aligned with my conversation with the office. How much are equivalent gold projects selling for these days? 5-10-15-20 times the EBITDA? Do the math
...more
(5)
•••
truepatriot199
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Comment by
truepatriot199
on Dec 08, 2021 9:59am
RE:Galaxy website
Sorry spelling mistake. www.galaxymagnesium.com Yes the LOI states minimum of 200,000 mt per year. So if they bought the entire 250,000mt then it would be $125 million per year for
...more
(9)
•••
MoneyK
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Comment by
MoneyK
on Dec 08, 2021 9:45am
RE:RE:Galaxy website
The full mine will need around 300M, but usually, a company only needs maybe 30% of that in cash to secure a loan for the remaining. So the company could probably reward shareholders with nice 1
...more
(9)
•••
MoneyK
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Comment by
MoneyK
on Dec 08, 2021 9:39am
RE:Galaxy website
I was also told that 200,000 might be the minimum on the contract, but Galaxy will most likely take all of the 250,000 tons produced. It will take about 2 years to get the 1BT permit. MoneyK
(5)
•••
truepatriot199
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Post by
truepatriot199
on Dec 08, 2021 9:10am
Galaxy website
www.galaxymagnessium.com Why is front page on the website. Also go to press at the top corner. Did everyone catch what Michael North (Chairman and CEO of Galaxy) stated in the press release. The
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(2)
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dmacd
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Comment by
dmacd
on Dec 07, 2021 11:41pm
RE:RE:RE:RE:Up 65% in the first morning hours?
I agree with your assessment. It is tightly held. There is no other mining play with so many advantages. So much upside still yo be announced with the processing plant and byproducts. Look for Galaxy
...more
(43)
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ragingcanadian1
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Comment by
ragingcanadian1
on Dec 07, 2021 8:39pm
RE:Last stage of their mining permit process
Very nice. Turn my back for a second and boom. Seems the longs had this one pegged. I thought it a good sign some board bashers showed up last week. NOBODY posts on these boards without profit motive.
...more
(8)
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foolsgold
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Post by
foolsgold
on Dec 07, 2021 3:09pm
Last stage of their mining permit process
Last stage of their mining permit process, time to take a position.
(38)
•••
tylerd
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Comment by
tylerd
on Dec 07, 2021 3:08pm
RE:RE:RE:RE:Up 65% in the first morning hours?
indeed. A good summation. I did my DD and I contemplate what's going to happen when there's a permit announced. Remember, it's only Tuesday and a quarry permit is
...more
(1)
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Papa121
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Comment by
Papa121
on Dec 07, 2021 2:57pm
RE:RE:RE:Up 65% in the first morning hours?
It looks like this agreement is for the rock only, unrefined...so it's a fair price IMO..
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