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Bullboard - Stock Discussion Forum West High Yield (W.H.Y) Resources Ltd WHYRF


Primary Symbol: V.WHY

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

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Post by tylerd on Nov 20, 2021 1:02am

My guess

It's just a guess..  is maybe there's a partner or partial buyer ready to announce once the permit is awarded.   I would take that any day.
Comment by MoneyK on Nov 20, 2021 8:10am
Not sure they would really need a partner. This is low cost capex. Either mine it or sell it. But, anyone badly needing magnesium might be willing to pay upfront to secure a portion of the production, which could be enough to finance the balance with debt. Therefore, no dilution shareholders. MoneyK
Comment by yixter on Nov 20, 2021 9:42am
I agree I don't see a partner that would dilute our holdings but securing a  binding offtake agreement could help setup us up for financing the mine once the permit comes in or maybe even set us up for a sale.
Comment by ragingcanadian1 on Nov 20, 2021 1:14pm
Recent interest is up purely on magnesium China angle. Since the permit is due within the next little bit I would say people betting on its approval which if that comes thru will be a massive SP event. Even if there is a lot more work to do. But one thing is sure WHY sure has no interest (or at least track record) of dilution which is great. So many plusses here
Comment by gordo323 on Nov 21, 2021 11:10am
A green mine in BC the NDP  must be comping at the bit to get this permit anounced.I can't wait.
Comment by gordo323 on Nov 21, 2021 11:15am
comping------chomping
Comment by tylerd on Nov 22, 2021 2:38pm
  Off take....that was more the point I was making ...  that a possible agreement/ announcement of a buyer for the quarried material.  I would assume that once that permit is in hand, something big is gonna happen fast.   At least, it's what I'm hoping for!    remember folks, 10 days ago, we never thought this was was going to break a buck before the end ...more  
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