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West High Yield (W.H.Y) Resources Ltd WHYRF


Primary Symbol: V.WHY

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.


TSXV:WHY - Post by User

Comment by Scot126on Feb 18, 2021 2:08pm
111 Views
Post# 32597584

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Link to investor deck, was easy to find, current

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Link to investor deck, was easy to find, current

Mining - I've just been told about the Head Office expense issue ? Have you seen this ? A huge figure each year with no detailed breakdown in the accounts as to where this money goes .Apparently head office is CEO s house ?? 

I am also now aware that if the co fails then as you say the CEO s other company gets the asset .Essentially if it go that way the " asset " would be useless as it needs money to develop it. He struggles to raise money as a public concern - a private concern would have zero hope.

At first I was optimistic about this one but the more I dig the worse it looks. IF the current fund raise works it could be a game changer but on past track record don't hold your breath . 

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