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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 dmocnik@gmail.comon May 10, 2021 5:51pm
128 Views
Post# 33170306

RE:RE:RE:Recent Financing Funds the Mine Permit

RE:RE:RE:Recent Financing Funds the Mine Permit

Mining  depends on a lot of factors most people are not aware of like Geology, Processing, Metallurgy, Environment, Mine tectonics, Markets, Labor relations , Safety concerns and other unforseeable factors which occur and demand sometimes immediate solutions!
In the Beginning like in any other start up investment is especially important and number one!
 WHY HAS ONE SIGNIFICANT PROBLEM AND THIS IS: MONEY !?
There have to be some reasons why the can not get money! Not even for the permitting process! Then where will they get the money for the environmental study?  And then equipment? And then Processing plant ? And on and on!  The plan to just first produce Mg for the supplement market does not sound so encouraging! There is already tough competition! 

IMHO the time for WHY has not yet come or something else is wrong! Maybe later,  when the right batteries are developed and tested.

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