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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 tdsbon Oct 25, 2021 5:41pm
160 Views
Post# 34047248

RE:Unaware of Any Material Change

RE:Unaware of Any Material ChangeBetteryear, the company released that news for two resons, first they are covering their a$$ and secondly what is driving this stock is not internal it is external from China. Buy things when they are cheap, if China hadn't slowed production of their magnesium mines this stock would be sitting at where it has been trading between 30 and 40 cents, but when a commodity that is critical to the economy suddenly gets hit hard with a shortage, investors know the price will go higher so the stock must reflect the underlying price of the commodity. If gold goes higher and it did today, gold stocks offer a much greater leverage to the price of the commodity, the same thing is true for silver, platinum, palladium, manganese, and magnesium. It's just that simple!
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