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Bullboard - Stock Discussion Forum 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... see more

TSXV:WHY - Post Discussion

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Post by MiningSucks on May 14, 2021 10:51am

Investing

I have 60% of my savings for investments into W.h.y. It took me 12 years to save that money working at a job.

It has been 7 plus years of my life I have spent following this story and holding shares.

Some people take more risk than others. I invested the way I did because I want to make money. I want to make my money in a way that benefits our country. I want to see Canada contributing and benefiting from supplying resources to the global supply chain.

Can we raise what is needed and get these permits ? I can't think of anything more important or worth talking about.

Comment by dmacd on May 14, 2021 11:27am
That was not prudent but you are fortunate the company has been prudent as well. There is massive value here. The $1M raised should be enough for the mine permit. The valuation will step change with permits since then resource can be booked as reserves. What is your average cost? As mentioned before, with $20M/a x 5x P/CF multiple the SP should be 10x. These are conservative projections with ...more  
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