RE: Institutional Traders - OT MgIf you like TAM results at $1 per/lb - check out WHY.v at $3 per/lb Mg - $1650/rock. 20 holes avg about 25% Mg - Mg is $6,600 per ton.
Managment/Insiders own 25 of the 40 million shares out, tiny market cap, PineTree owns lots, very cashed up through 2008, drill results for 11 holes pending within a month. Market cap is $14 million.
Investorideas Presentation and Slideshow
https://www.investorideas.com/Forums/Media/Resources3/why/default.aspx
From my notes so jmho - read/listen to presentation.
* Mg, Nickel, Gold, Cobalt, Magnetite
* Mg trades at $6600 per ton
* Mg is the metal of the 21st century - lightest metal
* 25% Mg (184.09 METRES) - starting at surface
* Open Pit with $60 cash costs - 90 years of data
* Infrasturce, roads, electricty, permits already there
* 10 kms downhill to Teck Cominco Smelter
* Mg - aero, auto, consumer, cell phone, lap tops
* Auto Mg increase from 5% to 40% - lighweight, stronger
* Mg demand increasing 10-20% per year
* 7.5 sq km of area - driling program and resouce estimate
MAGNESIUM.COM U.S. SPOT DEALER IMPORT
Date Price per mt Price per lb
Min Max Min Max
Mar 13, 2008 $ 6614 $ 6834 $ 3.00 $ 3.10
Click under the Mg - lots of new info and headlines for Mg
https://www.magnesium.com
Here is the website that should be updated soon:
https://www.whyresources.com/2007-06-11-index.html
Excepts from the 4 releases for the first 20 holes:
Hole #5 on the claim had significant results over 80.92 meters true width averaging a grade of 24% magnesium and a nickel grade of 0.2145%. The five holes averaged 25.3% Magnesium and 0.2164% Nickel. The chart below summarizes the results for the first five drill holes.
Company continues to see results which are consistent with the first 4 drill holes drilled on the Ivanhoe Ridge property which include broad zones of ultramafic rock containing magnesium, nickel, cobalt and magnetite mineralization. The chart below summarizes the results for drill holes 6, 7, 8 and 14.
This includes broad zones of ultramafic rock containing magnesium, nickel, cobalt, chromuim and magnetite mineralization. The chart below summarizes the results for drill holes 9, 10 and 11 which have an average of .1721% nickel and 20.5% magnesium.
The Company has now received analysis for 20 out of 31 total drill holes in the 2007 program. The assay results were provided by Assayer Canada of Vancouver, British Columbia. The Company anticipates receiving the results of the remaining 11 drill holes within the next 4 weeks. In the course of its exploration activities on the Ivanhoe Ridge and Hidden Valley properties, the Company continues to see results which are consistent with the first 12 drill holes that were drilled on the Ivanhoe Ridge property. This includes broad zones of Ultramafic rock containing magnesium, nickel, cobalt and magnetite mineralization. The chart below summarizes the results for the North portion of Ivanhoe Ridge.
West High Yield (WHY) Resources (TSX-V: WHY)
West High Yield is a publicly traded junior mining exploration company focused on the acquisition, exploration and development of mineral resource properties (12 Discovery Holes drilled in a row; Hole-1, West High Yield Drills 184.09 meters of Magnesium 24.7 %, Nickel .235% Magnetite 5.49%) in Canada with a primary objective to locate and develop economic gold, nickel, magnesium, cobalt and magnetite properties. https://www.WHYResources.com
JMHO TIA