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

Alternate Symbol(s): WHYRF

Metals & Mining Industrial Metals & Minerals

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

West High Yield (W.H.Y) Resources Ltd > $40 billion (USD) in high-grade magnesium

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Comment by dmacdon Aug 18, 2021 5:35pm

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Post# 33727725

RE:$40 billion (USD) in high-grade magnesium

Regulatory application submission for the final / formal review stage shoudl be filed by EOM. That approval should have a 6 month duration and if so then mining starts next summer. It might be tight but if so then $20M/yr net cashflow should be on hand assuming they secure an offtake agreement with a US customer. Market cap could be 3 to 5x based on the Phase 1 mine if you forget about the gold and bigger project valuation. Tip of the iceberg for those with patience ...

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