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West High Yield (W.H.Y) Resources Ltd WHYRF


Primary Symbol: V.WHY

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 Dec 16, 2021 2:25pm
217 Views
Post# 34237852

RE:RE:NEWS

RE:RE:NEWSHuge derisking just happened but the market is slow to react. Mining to start late summer next year. $100M earnings x 10x would be a fair valuation given the expansion opportunity and that might be conservative. Should be 15x from here in 12 months. Definitive offtake and permit will take 6 to 9 months to fully resolve. Mining is pretty straight forward. There may be no better mining project out there in Canada.
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