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Saturday, April 13, 2024 2:58:13 PM
The company has figured that refining will be more time consuming as the entire batch will need to be shipped to wherever the refining will be done, and too expensive for the reward before they have built a refining facility of their own. It's a no-brainer until that can take place. The only thing is, in order for a buyer to accept concentrates, they will need multiple certificates of analysis from multiple labs accompanying the sale that certify the gold and silver content of the batch they are buying from. We saw 1 of 4 certificates that will accompany these particular batches of concentrates and we should expect the will also be to provide 4 sold for each sale from each future batch. Once the company gets those back, I think we will soon after see an announcement of their first gold sale.
Opinion / Projection:
Before the year is over, SDRC will have become cash flow positive, paid back all debt to management, issued a dividend to shareholders, initiated a stock buyback campaign, expanded their processing capacity, put wheels in motion to build a refining facility, and if the aforementioned raises the price of the stock enough, they will undergo an internal audit, bring their SEC reporting up to date, and hire a firm specializing in NYSE or Nasdaq IPO with the intent to do just that.
It's now or never for a company in this position. A new junior gold producer amid an unfolding gold bull rush.
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