West High Yield Resources Ltd (WHY)

[chris12]

If you have not seen the 2022 presentation, suggest to review carefully. PEA/PFS update shows $1.3B NPV 10% fir IRR 68% and only $300M Capex. I am not aware of a mining company with better economics. The discounted SP is massive opportunity for those who can see past a few bumps and those that cannot can buy in at $5/sh, and some might wait until the commercial plant is fully operating but the SP would be $20/sh by then or higher. The gold assets alone might warrant the current SP but we will know more after the summer drilling program concludes and assays are announced. With the pilot in detailed engineering then gov finding should be more certain, and for me the only question is how much will they throw in. With the PFS advancing with Tenova then the IRR should be higher in the next presentation. Do not forget the Mg resource is huge so WHY could do both end products plus sell raw ore to processors around the world. The tesources have a much bigger value than $2B and all it would take is a modest drilling budget to increase the inferred resources. A buy out or strategic partner has to be of interest for global miners. Basically the shares are dirt cheap still but the sale is nearly over ... load up soon or buy at higher. These are my justifications for making this my largest holding in a very diverse portfolio. GLTA.