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

Up 65% in the first morning hours?

[tylerd]

That NR is a big part of the street cred that we were looking for.   Sorry Rat Poison....  sorry you lost so much money on that aborted sale a few years back but the longs here like me stuck with this stock through the hard times...  and now we are headed to over 2.00 real soon.  This is my opinion. Do your own die diligence and then YOU DECIDE, how much is that massive chunk of Mag worth....  like the guy from Galaxy said.. one of the greatest Mag deposits on earth....:

Michael North, Board Chairman and CEO of Galaxy, states: "The magnesium serpentine ore controlled by West High Yield in British Columbia is one of the largest and richest verified deposits of its type in the world. Today, Galaxy is pleased to take the first step in a challenging process, intended to deliver this important natural resource from Canada to world markets and meet the requiements of the automotive, aerospace, energy, construction, nutritional, consumer products and pharmaceutical fields. Many industries need lighter, greener, more efficient materials right away, in order to meet climate change and carbon reduction goals. With this Letter of Intent, Galaxy initiates a demanding series of research, engineering and business development strategies that, if successful, may facilitate an efficient supply chain of cost-effective pure magnesium and alloy products for years to come. We look forward to further collaboration between Galaxy and West High Yield."

imho, my 2.00 call is low.   You decide what's best for you

[MoneyK]

I'm a little confused with pricing.  Isn't $500 per MT low?  I was under the impression that $1500 should be the minimum. Isn't magnesium currently over $4000 per MT? MoneyK

[tylerd]

  100% agree.   But this is not Teck mining....  this is a startup NR from ostensibly a one-man show that needs money and credibility to move forward and the amount of Mag agreed upon is a drop in the bucket.   There's 40 years of supply there.  This builds the foundation we need.  Just contemplate what Happens when US retail gets word of this.... same as

[MoneyK]

Called the company to clarify the NR and this is now my understanding. Their intention is to sell at least 200,000 metric tons at $500 US per ton.  Here, we are talking about the rock coming out directly from the ground with no transformation.  They just dig it out the ground and sell it.  The cost to dig each metric ton out of the ground is around 25$.  Do the math... that

[tylerd]

indeed.  A good summation.   I did my DD and I contemplate what's going to happen when there's a permit announced.   Remember, it's only Tuesday and a quarry permit is perfect for harvesting material that is essentially at surface.  Imho, Do your DD

[dmacd]

I agree with your assessment. It is tightly held. There is no other mining play with so many advantages. So much upside still yo be announced with the processing plant and byproducts. Look for Galaxy or others to ante up in the coming years.

[Papa121]

It looks like this agreement is for the rock only, unrefined...so it's a fair price IMO..