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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 Apr 01, 2021 12:58pm
105 Views
Post# 32923555

RE:RE:RE:RE:RE:RE:RE:Bid Ask Picking Up

RE:RE:RE:RE:RE:RE:RE:Bid Ask Picking UpOnce the mining permit is released then the resource shifts to reserves and the asset carries a substantial book value following a reserves update. Right now I could argue the company valuation is based on the gold reclamation project and the gold drilling results. A massive high quality magnesium asset is currently valued near zero and yet is 6 to 8 months from a huge NAV assignment. Investors need to understand just how advanced WHY has gotten. There is no disputing the value created vs spend to date. Eventually value is recognized and that will come sooner than done might have thought possible. The basher trio are now against investing in the entirety of the mining sector. WOW. :-)
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