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West High Yield (WHY) Resources Ltd (WHYRF/WHYRF.PK) Wrap Up:

West High Yield (W.H.Y) Resources Ltd. engages in the acquisition, exploration, and development of mineral resource properties in Canada. It focuses on gold, nickel, and magnesium properties. The company was founded in 2003 and is based in Calgary, Canada.
Founded in 2003

West High Yield (WHY) Resources Ltd (WHYRF:Pink OTC Markets Inc)

LAST $0.40 USD
CHANGE TODAY 0.00 0.00%
VOLUME 0.0
As of October 7, 2009 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of West High Yield (WHY) Resources Ltd (WHYRF)

OPEN
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PREVIOUS CLOSE
$0.40
DAY HIGH
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DAY LOW
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52 WEEK HIGH
06/5/09 - $0.49
52 WEEK LOW
12/1/08 - $0.09
MARKET CAP
17.0M
AVERAGE VOLUME 3 mo
0.0
DILUTED EPS TTM
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SHARES OUTSTANDING
42.3M
WHYRF Does Not Pay Dividends
P/E TTM
NM
K = Thousands  M = Millions  B = Billions

WHYRF Top Compensated Officers

Mr. Frank Marasco Jr.
Chief Executive Officer, President and Direct...
Age: 53
Total Annual Compensation: C$122.9K

Executives, Board Directors

Compensation as of Fiscal Year 2008.

Key developments for West High Yield (WHY) Resources Ltd (WHYRF)

West High Yield Announces Additional 2009 Gold Drilling Program Results

West High Yield (W.H.Y.) Resources Ltd. announced additional results from its on-going 2009 gold exploration drill program in its Midnight Crown granted claim on the western outskirts of Rossland, British Columbia. The company previously reported the assay results from eight holes (MN09-1 through 8) through press releases dated August 5, 2009 and September 16, 2009. The company has since completed the drilling of 10 additional vertical holes (MN09-9 through 18), of which seven have been assayed and summarized in the table below (MN09-9 through 15). Assays are conducted by Assayers Canada Laboratory and the results of the remaining three vertical wells will be released when the assays have been completed. A QA/QC grade control program for high grade samples (over 28 g/tonne Au) is being continued for confirmation by ALS Chemex and Acme Laboratories, both of Vancouver, B.C. MN09-15 intersected multiple zones of high grade gold bearing serpentinite and quartz veins returning weighted average of 40.1 g/tonne (1.41 ounces) over a true width of 2.3 m (7.5 feet) including 198 g/tonne (6.98 ounces) Au for a true width of 0.6 m (2 feet) near surface (13.9 m in drill depth). All other holes intersected multiple zones of high grade gold bearing serpentinite, including 47.8 g/tonne (1.7 ounces) Au over a true width of 1.9 m (6.2 feet) at hole MN09-11. Based on the 2009 drill core results achieved to date, the Company continues to successfully define the gold mineralization on a 10 m spaced drill hole grid on it's Midnight property in order to allow the Company to proceed with a mineral resource estimate pursuant to National Instrument 43-101.

West High Yield Announces Additional 2009 Gold Drilling Program Results

West High Yield (W.H.Y.) Resources Ltd. announced additional results from the company's ongoing 2009 gold exploration drill program on its Midnight Crown granted claim on the western outskirts of Rossland, British Columbia. The Company previously reported the assay results from the initial four holes of its 2009 program (MN09-1 through 4) in a Company press release dated August 5, 2009. The Company subsequently completed the drilling of 10 additional vertical holes, of which four have been assayed and summarized in the table below. As previously noted, the assays are being conducted by Assayers Canada and for the purposes of QA/QC grade control, ALS Chemex Laboratory is continuing to review high grade samples (over 28 g/tonne Au) for the Company. In the table below, it is noted that hole MN09-6 intersected a series of quartz veins with significant gold values, returning a weighted average of 21.03 g/tonne over a true width of 1.4 m (4.6 feet) including 53.3 g/tonne Au for a true width of 0.32 m (1 foot) near surface (14.9 m in drill depth). MN09-6 also intersected multiple zones of high grade gold bearing serpentinite, including 41.35 g/tonne Au over a true width of 0.8 m (2.6 feet). Based on the 2009 drill core results achieved to date, the Company continues to define the gold mineralization on a 10 m spaced drill hole grid on its Midnight property in order to allow the Company to proceed with a mineral resource estimate pursuant to National Instrument 43-101. For the readers' reference, this press release is accompanied by a map of the 2009 Diamond Drilling Plan on the Midnight property.

West High Yield (W.H.Y.) Resources Ltd. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2009

West High Yield (W.H.Y.) Resources Ltd. reported unaudited earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported interest income was CAD 132 against CAD 16,940 for the same period a year ago. Loss and comprehensive loss for the period was CAD 261,361 or CAD 0.01 per basic and diluted share against CAD 473,736 or CAD 0.01 per basic and diluted share a year ago. Net cash flow used in operating activities was CAD 212,578 against CAD 268,385 for the same period a year ago. For the six months, the company reported interest income was CAD 828 against CAD 40,365 for the same period a year ago. Loss and comprehensive loss for the period was CAD 501,067 or CAD 0.01 per basic and diluted share against CAD 711,316 or CAD 0.02 per basic and diluted share a year ago. Net cash flow used in operating activities was CAD 369,530 against CAD 530,302 for the same period a year ago. Cash flow used in purchase of property, plant, equipment and mineral property was CAD 855 against CAD 8,988 for the same period a year ago.

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Industry Analysis

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Price/Earnings NM Not Meaningful
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Price/Book 7.0x
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WHYRF

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WHYRF transactions

Type
Date
Target
Private Placement
August 6, 2009
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