Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 May 20, 2021 4:56pm
330 Views
Post# 33242436

RE:RE:RE:News - General Update

RE:RE:RE:News - General Update Agreed. The ask side is bring tested and silly to sell at these prices. I requested for more details to be released on the mine plans from permit to ops. Once investors understand the path forward to cash flow positive the SP will follow. The full SP value only occurs after the mine is operating for a couple of quarters. But $20M/a net cash flow x 5 or 10x gives you the upside for the mine. A 10x to 15x climb over the next 18 months or so sounds worth the wait. Expect a wild ride if it all goes to plan. The gold drilling could add more upside but more speculative, and if the market assigns no value then we might see a spinco. Another of my mining holding spun copper assets from their gold assets for that reason. An the PP capital for these will come from a different group. Conglomerates are more difficult to gain full value unless there are clear synergies. The cost to manage dual listings though needs to be considered. Hence soon but not now IMHO.
<< Previous
Bullboard Posts
Next >>