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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

West High Yield (W.H.Y) Resources Ltd > News - General Update
View:
Post by dmacd on May 18, 2021 11:18am

News - General Update

Nice update! Should be a SP uptick once the news disseminates. W.H.Y needs to clear a small overhang from investor(s) who do not understand the inflection point has arrived. I am hoping to see more news flow and interest. The mine has numerous advantages with the mine located adjacent to the Cascade Highway and close to the city of Rossland, power lines, and a fairly short run for rail access. Magnesium demand will explode to meet green demands. We need to next get an update on the feasibility study findings for the mine. It would be good to see the NPV for selling raw ore. Shareholders need to understand that once the permit is on hand then W.H.Y will convert to reserves based on a sanctioned mine project. This is what will drive the shares in the near term.
Comment by dmacd on May 19, 2021 1:10pm
Better volume today ... SP picked up. If someone wants to pick up 1M shares then the SP will move fast. 5M shares might cause parabolic. Another NR or two and a few social media interviews we should see a double. That is what I am pushing for though my influence is the same as any other common shareholder.
Comment by MiningSucks on May 19, 2021 2:54pm
Got a good feeling about this one. Glad to see this warming back up. Why would anybody be selling at 20 cents or lower ? When this permit gets approved I might have to change my nickname.
Comment by dmacd on May 20, 2021 4:56pm
Agreed. The ask side is bring tested and silly to sell at these prices. I requested for more details to be released on the mine plans from permit to ops. Once investors understand the path forward to cash flow positive the SP will follow. The full SP value only occurs after the mine is operating for a couple of quarters. But $20M/a net cash flow x 5 or 10x gives you the upside for the mine. A 10x ...more  
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