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

Recent Financing Funds the Mine Permit

[dmacd]

CEO puts another non-dilutive capital infusion into the company and closed on some fresh capital. I suspect there will be more to follow in the coming months since the goal was to raise at least $2.5M. 

Regulatory approval plus a mine engineering study will convert resource to booked reserves with 100+ year mine life, and sets the mining, shipping and environmental monitoring plans. Lots to do in the next 6 to 8 months with offtake agreements, operational contracts for mining, infrastructure and environmental monitoring and shipping arrangements. My guess is there will be a seasonal operation with contracted labour unless the mine expands and becomes year round. Hence this is not a complex implementation and labour is easy with the Rossland location. 

My guess is the NAV will be north of $100M once the ore is converted to reserves, and based on that bank fiancing for $5M or so to get up and running will be one of the easiest  non-dilutive financings to arrange. My guess is the Big Mountain loans will be paid off at that time. 

Hence, we are trading at 10% of my conservative estimate of a year end NAV estimate which ignores for simplicity the value of the gold assets and magnesium growth projects to quadruple mining capaity and add processing facilities which takes us to closer to $1.0 billion valuation.  

Yep ... patience will pay off well for those who have it. The simple reality is that WHY may not need to ever do a dilutive financing so these next few months is the chance for funds to get a significant stake before the SP starts to go into beast mode.

[Eoj123]

Not many believers as they had their hat out for up to $3 million and only raised 265k after how long?? Keep spinning  

[MiningSucks]

Maybe, but isn't it interesting that this keeps going. I see people investing in the dumbest stuff these days. When Mg goes up people are going to see this as a missed opportunity.

[MiningSucks]

So why ? Why no interest ? Is there something about permitting that I don't know about. So much invested to find the resource (over many years)  and then this is it. I just don't get mining.... at all.

[dmacd]

I have had the same juniors phenomena with mining, O&G, pharma, tech, med tech and emerging manufacturers. Depending on market sentiment and well timed promotion the SP can elevate. Often it seems they are deep value and then for various reasons an inflection point occurs and suddenly everyone rushes in. I sometimes have to hold for up to 5 years for a proper valuation and over these years

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WHY has one big problem!  What is the problem you ask?  Do you know?

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Mining  depends on a lot of factors most people are not aware of like Geology, Processing, Metallurgy, Environment, Mine tectonics, Markets, Labor relations , Safety concerns and other unforseeable factors which occur and demand sometimes immediate solutions! In the Beginning like in any other start up investment is especially important and number one!  WHY HAS ONE SIGNIFICANT PROBLEM