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

MG price at 3 month high. Looking for Non Chinese sources

[truepatriot199]

https://www.nxtmine.com/news/articles/base-metals/prices-for-magnesium-at-3-month-highs-scramble-is-on-for-non-chinese-supply/

[MoneyK]

Id be curious to know who participated in the PP. It closed very quickly. Why raise money months ahead of drilling, specially when they have the intention of selling magnesium in 2022? I'm thinking this was possibly strategic and related to the LOI? Hard to buy a huge amount of shares on the market, but this way it might please a strategic partner. MoneyK

[truepatriot199]

With the $2.5 mil they can start drilling by the end of May for GOLD.  The Magnesium money wont start coming in until the permit is received.  We hope it is 6-9 months from when it gets submitted, but who really knows.  Don't want to lose another season waiting for money to do drilling.  Smart move by the CEO to cash up and fill the bank.  Remember right after the

[MoneyK]

Anyone ever calculated the possible cash flow with magnesium at 8K to 11K per ton? The PEA is using 1.5K! Just crazy to imagine that a future plant could generate billions per year. MoneyK

[dmacd]

The PFS NPV for the plant will be excellent. Their slide deck shows the economics for the gravel mine but assumed around $90/t or so. That needs to be updated for $500/t or $120M/yr cashflow. Permit needs to be submitted ASAP. :)

[dmacd]

So $500M to 1 0B market cap once the deal is fully derisked for ore sales and delivery. These are USD figures. So 10x in 12 months pathway is clear from this lever alone.

[dmacd]

Funds from Alumina might need to come earlier than the permit on hand. Large project PFS and pilot engineering need to remain funded. Gov funding news for the pilot will add $15M of non-dilutive funds to WHY and will show another form of resource validation. No major funds are needed for the mine itself until the permit though pre-work might be needed to avoid mine delays. The mine brings in over

[StonecoldDt]

Well looks like you hit the nail on the head, funds from Alumina have arrived. Looks like they are trying to remove all roadblocks for when the permit gets approved to thwart delays for a start in 2022 mining. I wish I had a crystalball but one can only speculate the permit is coming very soon, if I was a betting man I would say its applied for and coming very soon or this last announcment makes

[Silverback13]

I hope so...been sitting quiety waiting. I see nothing but gravy coming.

[ragingcanadian1]

well so far management has been able to come thru with most predictions so 2022 mining is a definite possibility. Wild card as always is idiot do nothing permit approving bureaucrats getting in way. I mean... why approve something in 6 months when you can get paid for 2 years to do it.