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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 > confirmation
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Comment by dmacdon Dec 03, 2021 5:10pm
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Post# 34196896

RE:RE:RE:RE:confirmation

RE:RE:RE:RE:confirmationKeep in mind that the company has not officially stated that it will mine ore is 2022, and nor has it stated that it has a firm buyer for such ore. These are my own views as an investor as to what seems reasonable. I am hoping that the company will release a summary of its definitive business case for the quarry mine altthough if you look at the 2021 presentation you will find preliminary info. Also keep in mind the company is extreme lean and hence it counts on its consultants more than a more well funded company with lots of staff such as WMG. Less dilution for shareholders is the benefit of that approach but at some point soon that will need to change. 
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