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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 > Sell the Magnesium, work on Gold
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Post by CDtree on Dec 16, 2021 10:19pm

Sell the Magnesium, work on Gold

WHY just put out a flow through private placement for $2,500,000 to do a gold drilling program for 2022. (2,976,000 share dilution) There is just too much going on here and nothing happening. No permits, no sales etc etc. Why not sell the Magnesium property and move on over to the Gold property. The Magnesium property could easily sell for 2 Billion USD. Divided by 70 million shares gives you $28.57 USD/$36.54 CDN per share. Frank gets approx $1.5 Billion. It will take many years of permits, build outs and head butting with beaurocrats to get to $36.54/share. Why not pay off the people who have been here for 13 years plus? There is way too much work to do for one property let alone 2. Magnesium is hot right now. Take advantage of it.
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