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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 5:45pm
94 Views
Post# 32891257

RE:RE:RE:RE:RE:RE:WHY Analysis & SP Target

RE:RE:RE:RE:RE:RE:WHY Analysis & SP TargetCapex for 250 ktpa quarry is minimal since it involves contractors and rental equipment. That is what the upcoming permits are for, but you knew that surely. The 0.25 strip ratio is minimal so development costs are low in the first year. That generates immediate, significant cash flow within the next year give or take 6 months. The next step will be to increase the quarry rate and develop the gold mine. The processing plant and mega mine comes next, although the pilot plant and niche MgO production will be precursor. Capital raises will be opportunistic and not at these historic prices. As the dolphins say ... so long and thanks for all the fish (or shares in our case). You will feel pretty silly in 3 to 6 months when we trade at $1/sh. Good luck and good riddance.
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