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West High Yield (W.H.Y) Resources Ltd V.WHY

Alternate Symbol(s):  WHYRF

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 dmacdon Mar 26, 2021 4:16pm
91 Views
Post# 32888302

RE:Added this one after doing some due dilligance.

RE:Added this one after doing some due dilligance.I think these plays are quite different. UBR is a silica play with processing technology moat, whereas WHY's moat is its massive shallow magnesium oxide mine which becomes a magnesium producer once the processing plant is in place, and potentially could be an exceptional underground gold mine. Basically very little dilution needed to advance this project once the shallwo surface mine gets underway. 

UBR might want the silica from the processing plant down the road. Note the market cap difference too despite both being intriguing long term cash flow generators. Thanks for bringing UBR to our attention. I might drop by that chat board to learn more. GLTA
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