Sidney Resources Corp (SDRC)

[surrealistrader]

A quote from q1 filings concerning assays:

"We have encountered unusual anomalies occurring in the dore' material and are conducting extensive testing at numerous fire assay labs to determine the exact mineral composition of the material to determine the best course forward in processing and testing the concentrates. During fire assay testing it has been determined that a significant amount of Gold is reporting to the slag and high volumes of silver are reporting to the tailings. The reporting of valuable metals like gold, silver, copper, and iridium in our XRF scans further illustrates the rich potential of our mining operations. We are continuing to test materials to determine the level of any iridium and other platinum group metals that are being identified in the XRF scans. It is our opinion that XRF scan results do not confirm the presence of iridium and other platinum group metals but with this information and other indicators we have observed we believe there is sufficient evidence to warrant further study."

[gitreal]

Assay lab....in Germany!?? There are good assay labs a lot closer.

[surrealistrader]

"prepared for shipment to assay lab in Germany"

https://x.com/SeanRaeZalewski/status/1808163389715226905

Sean-Rae Zalewski
@SeanRaeZalewski
Our on-site third-party geologists have observed that the ore from this vein appears to be consistent with the geology of the tested and ore stockpile. $SDRC #GOLD #PGM huge densities! #WORLDCLASS #PLATINUM #SILVER #IRIDIUM #REE #OSMIUM

https://twitter.com/SDRCMINING/status/1808161227312427148

Sidney Resources Corp.
@SDRCMINING
This is a dried sample from the Little Giant - Lucky Ben vein. It looks nearly identical to the stockpiled ore. The same materials we suspect are the #platinum group metals and the #gold.
All samples are being dried and prepared for shipment to the assay lab in Germany : $SDRC

#Idaho #Gold #Silver #PGMs #Mining #Production #Progress #WorkContinues #Invest #America #Success #Video @wfmining

[gitreal]

The PGM, REE, and meteorite hogwash is a diversion, and a sign that the gold story doesn't stand up. I strongly suspect that investors are being lied to about the gold (grades, recovery, etc.).

I see this headed in a very bad direction...

[gitreal]

Bullshit.

Why are you repeating this garbage?

[surrealistrader]

"One thing we do know, we got gold."

[surrealistrader]

Osmium, Ruthenium, Platinum, Thorium, Gallium, & Yttrium

...the ores at the mill site contain these in addition to the alleged persistent Iridium.

Link to follow up post from May 6th on Twitter:

https://x.com/SeanRaeZalewski/status/1787556622287466558

[gitreal]

There is no terrestrial rock (or mineral) with a composition remotely like that. There is no meteorite ever found with a composition like that, either.

Their XRF is either broken, completely out of calibration, or both. Why release something like that??

It is ludicrous. And it means that nothing they release in a PR or on X can be trusted.

I appreciate you bringing it to my attention.

[surrealistrader]

Link to May 6th XRF readout on Twitter:

https://x.com/SeanRaeZalewski/status/1787508017929322702

The screenshot shows the readout from a XRF analysis of a sample labeled "Low Karat." The table lists elements along with their respective percentages and uncertainties (±s±s).

Fe (Iron): 84.70% ± 0.07%
Ir (Iridium): 8.16% ± 0.04%
Cu (Copper): 3.63% ± 0.03%
Ag (Silver): 2.91% ± 0.02%
Au (Gold): 0.89% ± 0.02%
Ni (Nickel): 0.78% ± 0.02%

The sample is predominantly composed of iron, as it constitutes 84.70% of the material.

Iridium is present at 8.16%. The high percentage of iridium is unusual and warrants further investigation as its typically very rare and expensive, and especially rare for what is known about the geology and geography. The accuracy and possibility of errors like spectral overlap or interference should be considered and cross-referencing with other analytical methods like lab assays will be crucial if not done already and kept private.

[gitreal]

Let me get this clear....somebody at Sydney found a rock sample (from old dumps?) that measured 8% iridium?

Even the most exotic metallic meteorite rarely has over half a ppm iridium.

This is crazy town stuff.

[surrealistrader]

I fully expect SDRC to revisit drill cores, basically all exploration work, everything they have ever done in order to exhaust this PGM and REE business. They will do this before disclosure of assays. They will do whatever it takes to secure as much of that MVP position as they can in the Warren district before showing all the cards in their hand, if ever. One of the things that means is securing the appropriate mineral rights before competitors will wise up to SDRC and rise up to interfere.

The last time SDRC released lab assay reports, at first, it was only in part: a chart showing extrapolations. The whole point of which was probably precisely BECAUSE nobody would give two shits about it except their retail investor audience. It was in October 2023 immediately after the discovery of the historical (both lode and placer) stockpiles... those same that were moved to their mill site and that they are working to separate and concentrate now. The news of that discovery, was released ONLY AFTER the claims were staked and mineral rights were proven to be secured under their company. 8 months later, we got a screenshot of the Certificate of Analysis from Florin Analytical Labs dated 8 months prior.

It stands to reason that the ore that showed remarkable likeness to meteorite material (8% iridium, and whatnot) needs to be studied in the dire interest of exhausting what could be a geological breakthrough for the district. This knowledge would strike at the foundation of 150 years of assumptions and information collected about these claims. We have every indication the effort to understand this district has been, underfunded, overlooked, and otherwise neglected for at least 100 of those 150 years.

It's clear that SDRC wants to expand in the Warren district. They believe they know things that their competitors don’t. They are now calling the Lucky Ben Vein/Drift the "Little Giant vein," sharing the name of a portal under a mile directly east of their properties in the Warren District. They attempted to buy property from Unity Gold Mines in 2022 as we have seen... that same property Unity are in agreement with Endomines for sale. Any time now, the deal between Unity and Endomines can fall apart and SDRC will surely swoop in.

I am beginning to believe there is an ongoing effort currently to grow their land footprint substantially before SDRC shows their cards. This, merely an educated theory, does a great deal to help explain the process of discernment of how and what they are disclosing at this or any given time. Precariously, they are a public company who's pride is in a great deal derived from their dedication to transparency, and despite that, have grand plans to expand and capitalize upon their valuable knowledge of this district. Their investor base is used to a high level of engagement and so, as any public company must, release what only what is necessary to keep engagement alive and investors happy as those plans are pursued amid such high expectations and anticipation of revenues this year. Something big is afoot, and just like everything else committed to legitimacy in this tough sector, is a multi-year effort to develop. Who knows if we will see the product of it in 8 months or even 16 months... but along the way we will surely see the products of some things, enough to reinforce our cult-like faith in the fact that the machine is working as it always has (and better than ever.)

[gitreal]

I don't know anybody who invested in the company because of PGM's.

Maybe you don't know of anybody personally.....but this is an example of how the PGM bullshit works on people to get them all in a frenzy:

MC
@MCErsky
·
4h
$SDRC 3) Osmium comes in at $40,000 per oz. We know from Dan's videos that "We got gold". But if you add in any significant amount of Iridium(which is 2x the value) and or Osmium(20X) this could get crazy real fast. #PGMs #Osmium #Iridium #Gold #Silver #Platinum #Palladium

The PGM/REE/meteorite nonsense is classic hype....unsubstantiated, unwarranted, and borderline lunacy. Aimed at the most ignorant of investors. When this kind of stuff is all they have to promote with...it makes you wonder why. No actual gold production, no actual gold assays, nothing real to promote?

What's next - antimony? Graphene? Diamonds?

Serious, savvy investors will take one look at this steaming pile, and move on.......

Actually, I take that last statement back. Serious, savvy investors will not even look at non-reporting companies, with unaudited financials, and no exploration program.

[gitreal]

Wow, that's some messed up stuff, Surreal.

[surrealistrader]

There's a theory at play hypothesizing that meteorite material coexist with SDRC's vein and stockpiled material. This is the only geologically-cited theory presented so far as to why REE's and PGM's are found in this ore. There are pictures of XRF gun readouts along with pictures of ore pieces on twitter.

https://x.com/SeanRaeZalewski/status/1787556622287466558

Sean-Rae Zalewski
@SeanRaeZalewski
Went through all the XRF data from Doc….iridium did show in the ore. So did Osmium and platinum which is what you would need to see. Also elevated levels of Chromium and Nickel which are indicative of a meteorite. Also show several rare earth elements. Thorium, Gallium, Ruthenium, and Yttrium - text from Dan Hally - COO @SDRCMINING
$SDRC let’s goooo!
2:54 PM · May 6, 2024

https://x.com/SeanRaeZalewski/status/1787508017929322702

Sean-Rae Zalewski
@SeanRaeZalewski
$sdrc @SDRCMINING
#PGM’s #platinumgroupmetals #iridium persistent iridium in ore. Also metallic iron in our ore. It’s a big deal. #IYKYK
Image: https://pbs.twimg.com/media/GM6BEXxXMAAdv_f?format=jpg&name=small
Image: https://pbs.twimg.com/media/GM6BEXyWYAAZuyq?format=jpg&name=small
11:41 AM · May 6, 2024

https://x.com/SeanRaeZalewski/status/1787508379876815275

Sean-Rae Zalewski
@SeanRaeZalewski
We are definitely dealing with a very complex ore. We believe we have metallic iron because it will not oxidize regardless of what we throw at it. Note the high iridium which makes sense with metallic Fe, elevated levels of nickel and chromium.
11:43 AM · May 6, 2024

[surrealistrader]

Another suspenseful onset of lab assays is upon us.

...this time measuring a selection of PGM's and REE's found in anomalous XRF readings of one of the historical stockpiles and its concentrated material....

Sean-Rae Zalewski
@SeanRaeZalewski
There seems to be some confusion. The presence of PGM in $SDRC ‘s ore is a definite boon.

The offtake agreements that we are discussing and working on with the groups that will be the buyers recognize the PGM’s, and that will be part of the offtake agreement.

An independent geologist said “He said if the XRF data on the ore is correct, the ore could be worth $45K a ton with the gold, silver, platinum and iridium the XRF indicate are present in the raw ore”

This quote is directly from COO Dan Hally in a email to me.

#gold #PGM #silver #win #invest #goldmining
10:17 AM · May 7, 2024

They have identified where and what it came from (Not the Lucky Ben)

Sean-Rae Zalewski
@SeanRaeZalewski
We have discovered / uncovered the associated 6 foot in width and 8 foot in width veins as mentioned in last years PR associated with the new claims and ore pile.

In my opinion, this should be very a very bullish position for our shareholders as it exponentially increases the probable reserves held by the corporation.

$sdrc

As a reminder the previous inferred reserves placed the low range of the assets before this claim in Warren at about $5 B when gold was in the 1800’s. That is based on the USGS data and Goldstone reports from the 80’s and various other geological reports over the last 20 years on the sure.

9000 ft confirmed distance on your property. Peak if the structure is about 1 1/2 feet in width with a lower width of 4ft running over 800 ft deep.

Now add these others and it gets really amazing.

Cheers
9:07 AM · May 8, 2024

[surrealistrader]

You are speaking some sense here gitreal. Thank you.

I hope that there is more to this PGM business than presented because if this is it, all it is doing now is inflating expectations only to inevitably under-deliver. I have always believed in the principle of underselling in order to over-deliver, but in business I and this company seldom share the same circumstances.

Holding back production of the gold and silver in order to develop their process to handle PGM's should not be done unless absolutely sure the added expense, time, and complication is worth it. There's a reason mining companies conduct feasibility studies only after a long term scope and measured reserve is established. Sure right now, selling concentrates to a buyer who will honor values is a low stakes proposition, but we are talking about eventually producing refined product in house. From what I understand, the difference in melting point, density, hardness, and thermal resistance when compared to gold make these elements much more complicated to work with. They are even hashtagging REE's on a regular basis now. To my knowledge, all of these are predominantly produced as byproducts of large scale production, or recycling, rarely economic as a primary mined resource.

I don't know anybody who invested in the company because of PGM's. I personally don't remember ever giving a shit about platinum group metals in the state of Idaho before this year. I think whats going on is that we have a committee within the company made up of varying degrees of experience with this stuff. They are just slowing things down to make the lot of stakeholders happy, and feel like they are not leaving any money on the table with prejudice. The decision to pump PGM's on social media, was always something I entertained tongue in cheek, but I do give them the benefit of the doubt, admire their work ethic, and their necessarily having more information than I. I have grown to trust the people behind this business and I understand that that necessitates some tolerance for error. I more than anybody want to move on from this stage of forced inference concerning the drama of a prospective breakthrough PGM resource as soon as possible. Take as long as you need but act as quickly as possible if unanswered questions are presented that are easily and expediently answerable.

To quote Dan Hally, "One thing we do know, we got gold." At the very least, certainty upon that fact is affording them the time to experiment, and that's how i have chosen to look at it so far.

[gitreal]

Good god, they sure do know how to make something simple into something complicated. Why not simply take the concentrate, ship it to a smelter, and get paid for the gold (and silver)? If the gold (and sulfides) occur in visible chunks, it should be easily concentrated and separated from the "silica" as he quaintly calls the quartz sand. This isn't rocket science.

As for the PGMs, he seems to think anything that he can't identify is probably a PGM. The silvery looking stuff, the black chunks.....PGMs, of course!

In geology and in any technical field....if you have a problem or a question, you should assume the most likely answer first, the simplest answer. If it were me, I would assume the silvery metallic stuff is something like arsenopyrite, extremely common. And the black stuff - hematite, magnetite, or one of a dozen worthless (and very common) minerals. Did he try a magnet? But no, he assumes PGMs which have not been reported from the district, or the mine. And given the geology - extremely unlikely.

Bottom line, saying you might have PGMs is great for promotional purposes - he made a whole 7-minute video about it! A $30 assay would resolve the issue. And almost certainly ruin its promotional value.

[surrealistrader]

I have no doubt as to the presence of PGM's in at least one of the ores they will be selling, but I am curious to find out if the contents are economical within the context of their operation. The gold is clearly evident but I do reserve a grain of salt for the other metals in the concentrates, besides silver, being of comparable value to the gold or anything close to what can be called an economic resource of PGM's. If they turn out to be, great, and that will be a profound breakthrough for the district as you have said. I believe the company reserves the same doubts and they have indicated they are exhausting such with assays as we speak. It could be argued whether or not such is best kept on down low until more conclusively supported. If their hopes are confirmed, great! If not, great, they can then move forward with some certainty that they have exhausted measuring the value of the ores to be sold, and can build their facilities for the long term with confidence.

Those calculations you refer to are hypothetical based purely on the information expressed in two tweets by the CEO, nothing more, nothing less. ...and yes, assumes that all precious metals present in concentrates are gold one can arrive at a ballpark if the value of the ores indeed come from a mixture of precious metals and PGMS. Its loose and relies on steep inference, and we should expect it made irrelevant very soon with verifiable data. I 100% agree that statements about grade should be accompanied with some sort of accreditation if opinion or assay data from an accredited lab. Honest.

I want to respect your opinion. I do respect your experience with the OTC scams of the past in particular, but I find it unfortunate that you have resolved to such dismal conclusions about this particular stock, from what I observe as a result of lazy cynicism at best. Please look harder into companies history and legitimate efforts to make something legit take place here. Suspend your biases. You have given some good criticism that can be very constructive for this company. Ambiguousness just makes the uphill battle to appease naysayers harder, sure, but long periods of silence because there's nothing to report have caused problems too.

Have you watched this video? Link:

The PGMs are not conclusive, not asserted, nor do they claim them to be. But what they are doing is disclosing that they are exhausting speculation, and data about them will be conclusive before the end. That's it. Most investors with SDRC from what I've seen appreciate the transparency unto itself. There is no alarm needed merely because someone representing the company mentions PGM's and wishes to investigate some surprising XRF readings further at this stage.

[gitreal]

LOL.....no need for vulgarities. I just can't figure out how, in the same post, you can express skepticism about the presence of PGMs, and then act is if PGMs are actually at the Lucky Ben Mine. I have read up on the mining district, I have read up on platinum occurrences in Idaho, and it is extremely unlikely that PGMs are present at anything of economic value at the Lucky Ben, or even detectable by modern assay methods. You seem to accept the XRF info as sufficient proof.......... I have seen this act over and over and over......companies claiming PGMs in their ores in mining districts where it has never been seen before, and in geological settings where it is extremely unlikely. And there is never a credible assay to back up the story. For the price of their XRF analyzer, they could do hundreds of assays. But no....using an XRF analyzer sounds cool, looks cool, and impresses investors.

And yes, you should be ashamed of those bogus calculations you presented. I know you are way smarter than that. Absolutely ridiculous.

and give a legitimate company the benefit of the doubt.

Nope, not legitimate in my opinion. Waaaaay too many red flags.

As far as being a "gorgeous f'in Saturday", it is 112 outside, I might venture out later.

[surrealistrader]

Also, no shame in giving out clown emojis 👌🤡

[surrealistrader]

I have no shame in anything I've said here.

Gitreal, it's a gorgeous fucking Saturday. Get the fuck outside and touch some grass. We investors have done our due diligence and can do a few days without the Batman of Ihub and OTC mining stocks to protect us.

I encourage anyone paying attention to go back and read our posts.... for entertainments sake at the very least. 🤯 Crazy how this started as an arguement over semantics, a clear attempt to bury an effort at quality content and discussion.

Gitreal, I have been kind in the face of your insinuation and adversity and I have done my best to entertain your concerns with honesty and appropriate discourse. I only ask that you do the same, and suspend disbelief a bit to the companies claims despite your traumatic experiences with OTC mining stocks, and give a legitimate company the benefit of the doubt. Your criticism can and may as well be constructive if your aim is truly to use your platform here to do some good in this world.

[gitreal]

Yes, they are definitely shady. No legit explorer or "miner" would even mention PGMs or REE without doing a few actual assays to back up their statements.

It makes them look extremely shady.

And you have no problem amplifying their shadiness in one statement and then questioning them in your next statement.

But that's nothing....those "calculations" you did are shameful. Or was it meant to be taken as a joke? Maybe I missed the humor. There will be investors that take seriously the numbers you came up with.

[surrealistrader]

I actually agree with most things you said in this post.

Though, I personally wouldn't call them shady per se... Just a little less concerned than it is assumed one should be in such a sector who's reputation as a whole has been damaged beyond recognition by bad business. They clearly aren't as traumatized as you are for having experienced the sheer number of PGM related pump and dumps in this space as you must have. Perhaps its because they know the truth is on their side, and have no experience to rely on when it comes to defrauding people.

Also, PGM's are not included in any "narrative they have been selling for years". It has only been this year that they have decided to investigate PGM and REE content (which will inevitably include fire assay) after shining an XRF gun at the stockpiles' concentrated material. This is a completely new phenomenon, surprising no doubt after over 100 years of knowledge collected about these claims, and since they need to measure the contents of each batch by the end of the year, as they have commitments to sell, we should expect this issue will be put to bed or confirmed without a doubt relatively quickly.

[surrealistrader]

Of course they are doing assays.

I agree that they should and they should double down on lab measurements before releasing guesswork. They have done many so far and will continue to do them at Florin Analytical labs and multiple others as part of testing, improving their separation processes, and to certify the values in the concentrates being sold. Why wouldn't they do that? They're going to have to. This particular matter, however, concerns the historical stockpiles. It is not clear what or if they are hypothesizing about the Lucky Ben in most recent communications.

Good job in catching my mistake! When I said Bushveld, I meant the Stillwater igneous complex in Montana 🫤 both owned by Sibanye Stillwater. Excuse that one.

[gitreal]

FA-7 Fire Assay + ICP-MS (Au 5 ppb, Pt 5 ppb, Pd 5 ppb) $30.95

That's all it takes to resolve the platinum issue. Do a damn assay! This is from the Skyline Lab (Tucson, AZ) schedule of fees for assays. There are many other labs that can do platinum group metals. It is easy, it is cheap, it is routine, and would be a mandatory step (for real junior miners, that is).

Every time I see a shady mining company promote platinum group metals (PGMs) on their claims where PGMs have not been reported before, or that they are producing PGMs as part of their "metal", it is a huge red flag. Almost every time I see this kind of stuff involving PGMs......it's a sure sign of fraud going on.

You say you are skeptical about PGMs...you say you take it with a "grain of salt", yet you give them the benefit of the doubt and discuss PGMs as if they are actually there at the Lucky Ben, and in the "metal". A $30 test would resolve the issue.....why would they not do some actual assays to answer the question?? Never mind....I know why. Because it would ruin their narrative they've been selling for years now.

the level of certainty about PGM's at this stage is not high

There is no need whatsoever for any uncertainty or conjecture or hypotheses. Do an assay or two. If PGMs are really there, it would rewrite the geology of the mining district, and probably raise interest by legitimate junior explorers.

P.S. Bushveld Complex is not in Montana. Google some more.

[surrealistrader]

Mr. Gitreal......ask SDRC management why we are talking about Platinum Group Metals, not me. The fuck do I know, but they are. What's clear from their communications is that they have chosen to build upon the apparent value of the gold they know they have by exhausting the rest of the noble metals present in the concentrates. Since they are not committing to refining at this stage, and seem sure the values of any PGM's or other valuable metals present will be honored by their buyers, its at little cost to them besides time.

I, more than anybody have taken the whole proposition (of PGM's) with a grain of salt and am fully aware of how premature such assumptions are. I await confirmation or dis-confirmation of any of these via the certificates of analysis along with everyone else paying attention. I too am painfully aware of how rare primary and even secondary PGM production is in USA, let alone Idaho, although to their credit, the famous Bushveld Complex is not that far away in Montana. Its arguable that the rarity alone justifies exhaustion of its presence in their ore, as any domestic PGM production will be valuable given its market dominated by problematic Russia and South Africa. Aside its for rareness as an economic resource, the costs to separate and refine are complicated and prohibitive especially under time constraints such as the deadline to q4, but nevertheless, SDRC has surely weighed such pros and cons in their decision to investigate. I look forward to it being put to bed either way. SDRC is developing a process they can commit to over the long term and so they are exhausting these things now, before significant investment is made in a facility. That’s it. There's one thing they know for certain tho, they got gold, and a lot of it.

My earlier calculations are hypothetical as to help infer the value of the stockpile if the tertiary material they are concentrating is found to be comparable in value to gold. We all know this is pending steep due diligence on their part, and because it is, it is probably pointless to you.

Besides what the company has said about XRF readings, and lab analyses that have yet to be made conclusive, the fuck do I know man. You're acting as if I'm am the source of this information. I'm merely a shareholder who gets his information like everybody else. I pay attention merely because of my vested interest in this stock. It's clear you assume I'm some member of management, or an IR guy, which is absurd.

I said all I have said at the expense of spoon-feeding you research you should be doing yourself. Go ahead and read the history of @seanraezalewski's tweets on twitter. Look at the company's Youtube channel specifically a video labeled "Gold & PGMs under the Microscope!" You will learn quickly that the level of certainty about PGM's at this stage is not high and nobody has any shame or much else to lose in trying to exhaust measuring it. Promoting it as a sure thing surely is borderline irresponsible fiduciarily speaking, but it’s a weak argument at best to assume that's what they're doing. Investors, however, seem to enjoy the disclosure of what the company is thinking at this stage however conjectural their hypotheses are - especially if we are already explicitly told the degree to which such is based on inference and conjecture. There's no shame in this kind of transparency.

[gitreal]

Mr. Surreal......where are you getting any evidence that the Lucky Ben produces platinum or platinum group metals (PGMs)? A little bit of research about Idaho mineral production and occurrences shows that Idaho has produced mighty little platinum, almost all of which was in placer settings. The potential for platinum production in Idaho is rated as "very low" by the Idaho Geological Survey. Reading up on the geology of the Warren District, it sure doesn't seem to be a promising district to find platinum in.

You wouldn't be yanking us around with the platinum stuff, are you?

[gitreal]

The company said they produced "metal" and that prompted you to whip out your calculator, assume it was all gold, and come up with some ridiculous multimillion dollar value.

If you're not already an IR guy for an OTC company, you'd make a really good one.

[surrealistrader]

Lab analysis of samples from the batches to be sold in first offtake agreements will confirm or disconfirm the other valuable minerals present besides gold, and the sales agreements will show the amount and value. They are using multiple accredited labs to necessarily certify each batch and already have buyers willing to purchase and honor the value of any PGM's present in whats sold to them. The Certs of analysis should be enough because they aren't measuring an in-ground resource. They are selling concentrates from ores already mined. Whatever they expect those speckly-white noble metals are that are visible in the concentrates, and indicated via XRF analysis, they will confirm with lab results and everyone will have their proof. If that's not enough, you will see it on filings and on the company's balance sheet q4. If that's not enough, dividends and heavy dividend reinvestment forced at ask. If that's not enough, then we might want to consider pissing up a rope.

[gitreal]

Plain to who? Metal can mean anything.

You have no idea the composition of that metal yet your pointless calculations assume it is all gold. Maybe most is iron? That's a metal, right?

[surrealistrader]

It's plainly seen that SDRC is including Gold, Silver, and Platinum Group Metals under the heading of Precious Metals in their most recent communications.

[gitreal]

Wow, that is some pure BS calculations.

They said "metal", not gold, for a reason.

[surrealistrader]

Revenues from sales will come before a measured reserve - as if it hasn't been said many times over already. All projections are based on inferred estimations of grade informed by lab produced certificates of analysis of concentrated samples. SDRC will convert their product to cash and issue a dividend before our ihub buddies cease grasping at straws for indications of farce.

As of most recent information, the calculations are as thus:

Stockpile Material Processed Per Day:
2.5 tons (2,500 kg)

Precious Metal Yield per Day:
3,540 grams or 125 ounces of precious metals
(confusion remains on whether this meant troy ounces (31.1g per unit not 28.4g) or 3,887.9375 grams, but for consistency's sake lets continue with the mentioned 125 ounces)

Stockpile Size:
25,000 tons

Total Precious Metals in Stockpile
25,000 tons × 1,000 kg/ton = 25,000,000 kg
Therefore, total yield = 1.416 grams/kg × 25,000,000 kg = 35,400,000 grams
Converting to Troy ounces: 35,400,000 grams ÷ 31.1035 grams/Troy ounce = 1,138,106 Troy ounces

[gitreal]

"Presence of"???

This company is full of BS. Let's see some certified assays so we can understand what "the presence of" means.

[surrealistrader]

Precious metals. 125 oz per day of processed product.

Listed in hashtags and clarified below.

#GOLD #PGM #REE #PLATINUM #SILVER

Sean-Rae Zalewski
@SeanRaeZalewski
There seems to be some confusion. The presence of PGM in $SDRC ‘s ore is a definite boon.

The offtake agreements that we are discussing and working on with the groups that will be the buyers recognize the PGM’s, and that will be part of the offtake agreement.

An independent geologist said “He said if the XRF data on the ore is correct, the ore could be worth $45K a ton with the gold, silver, platinum and iridium the XRF indicate are present in the raw ore”

This quote is directly from COO Dan Hally in a email to me.

#gold #PGM #silver #win #invest #goldmining

Sean-Rae Zalewski
@SeanRaeZalewski
As an update. Partial transcript of a review meeting with @wfmining & @SDRCMINING
$SDRC #GOLD #PGM #REE #PLATINUM #SILVER

25:09 - Conference Room (Matthew Dailey) - Speaker 1
Two and a half tons of material out of the stockpile is generating 3,540 grams of metal.

25:23 - Sean Zalewski
I'm sorry, what was the number, 3,400 and what? Grams of metal. And we know what it is, but that's what we're producing. What was that grams again? 3540.

25:41 - Conference Room (Matthew Dailey) - Speaker 1
Yeah, so out of the feed of the 25,000 stockpile generates 3540 grams of metal. That's 125 ounces {of precious metals}. That's what we're doing consistently {producing} in a day. Day in and day out

[gitreal]

Glad you recognize that data/info is "wacky". Notice they don't say "gold" is being produced....they say "metal". What does that actually mean? And why say something so misleading?

[surrealistrader]

125 T-oz of precious metals processed per day!

Sean the CEO is dropping some wacky stuff on twitter today:

From our CEO Sean-Rae Zalewski : Partial transcript of a review meeting with Western Frontier Exploration & Mining & Sidney Resources Corp. OTCMKTS - SDRC #GOLD #PGM #REE #PLATINUM #SILVER

25:09 - Conference Room (Matthew Dailey) - Speaker 1
Two and a half tons of material out of the stockpile is generating 3,540 grams of metal.

25:23 - Sean Zalewski
I'm sorry, what was the number, 3,400 and what? Grams of metal. And we know what it is, but that's what we're producing. What was that grams again? 3540.

25:41 - Conference Room (Matthew Dailey) - Speaker 1
Yeah, so out of the feed of the 25,000 stockpile generates 3540 grams of metal. That's 125 ounces {of precious metals}. That's what we're doing consistently {producing} in a day. Day in and day out.

...at 2.5 tons processed per day, that's 1,250,000 oz of PM since they began this past winter... Silver $35M, Platinum $1.24 Billion, Gold $2.8 Billion.. I mean, that's a scary amount of money they have just lying around up there. How big is the police force in Warren again? Are they going to hire a small army? How big is their marketcap again?

To think, for over 100 years, that amount of value was just sitting there in piles outside their claims and nobody found it nor tested anything at this site for PGM's until this year.

[surrealistrader]

One thing we do know?



We got gold.

[rbtree]

Good luck. Might be a fantasy....or not..

[surrealistrader]

SDRC will show revenues before establishing reserves.

The industry standards for proving mineral reserves is a lengthy, arduous, and expensive process involving a thorough enough intersection of their in-ground resource via drills, and necessitating the hiring of accredited expertise to study, and compile the technical reporting according to strict spec. SDRC is not willing to undergo such a process without the cash on hand to do so and doesn’t see it as a priority justifying the cost (especially at this precarious pre-revenues stage.) SDRC has halted exploration in preference for a hail-mary pursuit of revenues, enabled by the discovery of high-grade historical stockpiles already mined and ready to process.

This is very much IMO the main reason that will make SDRC unique, unconventional, and a leader when successful. They are doing it backwards unlike what most companies in their position do (ie: to finance development with production as opposed to debt and unfavorable equity/royalty deals.)

I mean, for all we know, SDRC may decide to move into production and continue on producing to mine depletion without ever establishing reserves as industry standards mandate. The question then is, Why waste millions on proving something via exploration that they could do just as well by mining, processing, and selling?

The fact that SDRC can even think about building a producing mining operation without a bankable reserve is out of this world and impossible for most.

Most can’t because the norm in this industry is that managements take too much money for themselves, and don’t use money efficiently, and so getting anything done is a huge uphill battle to finance (and so proving a resource becomes a priority... and then years of feasibility studies... then once they they're done with that they need to finance construction... all while marketing to keep investors interested....). Most run out of money many times over before they see an ounce of gold out of the ground. They turn to dilution and other toxic deals which cause irreparable harm long before production even happens. This is sadly the norm which is why most mining "investors" are actually just traders of the "Lassonde Curve."

To do what SDRC is doing, most mining investors would think is either crazy or unbelievable.
Knowing what we know, that they are indeed legit, and they actually have been running this stock cheaply and efficiently, while also securing the finances to do so outside of the predatory mining norm, is our opportunity.

If revenues are anything like projected, it will be a magical moment. ….and a moment of truth for many watching on sidelines I imagine. The mining industry has been broken since the 1980’s, and its time that it is shaken up for a new generation.

[MrPuff]

Lol, there are some here that say you can’t trust charts in the OTC. Hogwash.

[Hawkeye_tt]

MMz are starting to break here. A/D chart is great !!

Hawk

[MrPuff]

The only thing I’m pumping is the idiocy of some traders in here.

[RetroSpect]

Good exit spot. Looks like the bottom is going to fall out.

Ugly ugly ugly

[rbtree]

Just another snowflake pumper....

[RetroSpect]

Nice

[MrPuff]

You’re stupid.

[RetroSpect]

Good day to rethink your investment. This one is getting ugly real quick. Quite obvious p&d here IMO

[bgoat]

your "IMO" is a useless piece of 💩 go on your merry way

[MrPuff]

Really?