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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 > $40 billion (USD) in high-grade magnesium
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Post by WildFire77 on Aug 17, 2021 6:02pm

$40 billion (USD) in high-grade magnesium

The deposit is an undervalued asset held by the Company, relative to its advanced stage, its resource has been proven up, with $40 billion (USD) in high-grade magnesium.

This is a key part of the message, as the US is currently import-dependent on magnesium, yet there is no substitute for magnesium in many top industries such as steel production. The Company's property contains a potentially inexhaustible resource of magnesium.

This represents a significant disparity in WHY's current share price relative to the value of its asset.

Comment by dmacd on Aug 18, 2021 5:35pm
Regulatory application submission for the final / formal review stage shoudl be filed by EOM. That approval should have a 6 month duration and if so then mining starts next summer. It might be tight but if so then $20M/yr net cashflow should be on hand assuming they secure an offtake agreement with a US customer. Market cap could be 3 to 5x based on the Phase 1 mine if you forget about the gold ...more  
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