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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 StonecoldDton Dec 07, 2021 9:23am
140 Views
Post# 34205630

RE:Financial Statements look pretty hopeless

RE:Financial Statements look pretty hopelessIts an unproductive mine so far, while they are sitting on the motherload they still have yet to pull a rock from the ground. Mines are inheiritly expensive to start with minimal if any profit in the early stages, but with that said once they get rolling and if the pay dirt is there that these reposts claim, then this thing could hit $50 - $70 in a few years once its goes in to full production.

I believe we are close to the permit December seems like a real plausible timeline for it, this was an active mine already at one point people forget, gold, silver etc before they stumbled on the magnesium. A lot of infrastructure is there and once the permit is in place I do not believe it will be long after that they are pulling rock out of the ground.

I totally beilive these bear sellers and day traders will be kicking them selfs very shortly for selling.
IMO
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