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Treat it for what it is....a momentum play and a lottery ticket. You can still make money if you can time it right. But a real mining company - nope. Waaay too many red flags.
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
I do not understand why Newmont let this go. I like the two Indonesian locations.
SDRC (Sydney Resources) is not only playing the PGM and REE angle, but now finding meteorite material in their "ores"? Their hand-held XRF sure is a fun toy, and seems to be a great substitute for actual assays. I kid of course, use of a field XRF instead of assays is idiotic. A few $30 assays would not only resolve the REE and PGM issues.....but take care of the meteorite "material" too. And ruin the narrative.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174682696
surrealistrader
Re: None
Sunday, June 30, 2024 1:07:27 PM
Post#
9763
of 9764
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.
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,…
— Sean-Rae Zalewski (@SeanRaeZalewski) May 6, 2024
$sdrc @SDRCMINING #PGM’s #platinumgroupmetals #iridium persistent iridium in ore. Also metallic iron in our ore. It’s a big deal. #IYKYK pic.twitter.com/yzu9ZviuQw
— Sean-Rae Zalewski (@SeanRaeZalewski) May 6, 2024
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.
— Sean-Rae Zalewski (@SeanRaeZalewski) May 6, 2024
Wow, that's some messed up stuff, Surreal.
Every Day AABB will be the Gift that Keeps On Giving! :) - Clive
Why does everything with AABB have to be so difficult and work so poorly?
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.
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.
Kimball is a world class Geologist.....you can trust what he says.......
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.
Let’s try to keep it professional!
When it comes to serial securities fraudsters like AABB (and their enablers), you say to keep it professional?
Yeah, a lot of scurrilous folks involved in the promoting and pumping of this garbage "mining" company. A rogues gallery. And some useful idiots thrown into the mix. Rich, you out there with your "chance" money?
But of all the folks you mentioned, I still don't think that the person that set this whole thing up is mentioned often enough.....the attorney. He kept them just legal enough to stay out of serious SEC trouble. He most likely handled the mechanical operations of the scheme, quietly, behind the scenes. It would be interesting to see how much he took in during the course of this thing.....not saying he did anything illegal, but I seriously doubt that PT had the intellect or knowledge to make things run and the money flowing.
FA-7 Fire Assay + ICP-MS (Au 5 ppb, Pt 5 ppb, Pd 5 ppb) $30.95
the level of certainty about PGM's at this stage is not high
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?
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.
Which other boards? I'd like to read the posts you claim I wrote.
No links to anything? Okay, bye.
and encouraging others to entrust their money -- with thieves. It's this terribly immoral aspect of Thompson -- that he revealed himself to be a liar and willing figurehead for these wretched scammers who managed the Mexus "story" -- that Don and all the rest of the god-fearing gang on go4gold just refuse to acknowledge.
Who are these "thieves" and "wretched scammers"? I always felt that Thompson was not sophisticated enough to really run things (other than cobbling together equipment out of scrap iron)....so who put the corporate structure together, the promotions, the private placements, etc.?
The attorney is my guess.
His credentials say something about diamonds and bitumen. I doubt he has the experience with the type of deposit that BMXI is supposedly mining to call himself a "Qualified Professional". You wouldn't have a foot doctor operate on your eyes, would you?
And speaking of the type of deposit......the company itself doesn't seem to know. They call it different things, none of which really make sense. For a company with the word "Exploration" in its name, they sure don't seem to do any exploration and certainly do not have the expertise.
As for reserves, they cannot use that term without doing adequate exploration and a feasibility study. They have neither.
Legit exploration and mining companies take and analyze hundreds, or thousands of samples. These guys have 10 kg of samples they claim to be sending to a lab. No explanation of how the samples were collected, who collected them, one sample or many? And is the sample handling protocol up to any kind of standard? Just checked in as part of Nil's luggage?
Amateur hour.
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?
Paid....? BS.
Changed aliases? Never, not once. Changed alias picture a couple times, maybe about time to change again.
DMs from me ? Huh? Never, not once.
No links? Figures....
Yup, your paranoia is pretty obvious. Perfect for scammers like AABB and their enablers to take advantage of.
Wow, that is some pure BS calculations.
They said "metal", not gold, for a reason.
You're "trying to help me out"? Are you insane?
You have fallen for the idiotic MM nonsense, the air shares BS, the Hedgies garbage, and I bet you check under your bed to make sure Kennie is not lurking there. Maybe borrow one of Alidare's tin foil hats?
You think I've been making threats here and "other venues"? Baloney.....link to one of my "threats", please. And my lies? Please link to one of them, or STFU.
Who's paranoid? You.
Everything is being recorded, Id be very careful of what I say if I were you.
Oohhhh, that sounds like a threat. Stick it up your ass.
You've been scammed, face it.
"Presence of"???
This company is full of BS. Let's see some certified assays so we can understand what "the presence of" means.
The evidence of AABB being a scam has been presented, over and over. Do you want it all again? Just ask.
If you want an SEC complaint or litigation summary or even indictments.....not gonna happen until years later, or never. Unfortunately, that's the way it goes....always too late for gullible/naive investors.....like you. And Condor. And many, many others.
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?
My market risk? Huh?
And the day that Nils springs another 100X RS on you, how will the charts handle that?
And your here to “look out for us”
Nope. You've made your decision to invest in a shady "mining" company, and nothing I say will change your mind.
They (Nils and his bitumen mining geologist) obviously think that no geologist would ever read the nonsense they put in financial statements and PRs. And I would say that very few actual geologists would ever waste their time looking at this company. I find it kind of fascinating reading the nonsense that some OTC companies pass off as technical information - that's why I read their financials, their PRs and browse through their websites, usually quite amusing. BMXI's website has lots of links to reports saying how gold is wonderful, how it is used, why it is such a good investment. But not a single technical document on their mines, exploration efforts, etc. That was the first red flag I saw with BMXI four years ago when I first became aware of them.
And I find it amazing how OTC investors with no clue how mining or exploration works are so willing to throw money at shady companies like BMXI as a form of lottery.
No, not really the same. There are many great examples of VHMS deposits in Arizona.....Jerome, Iron King, Bruce Mine (aka Old Dick), and others, so I am familiar with them.
The geniuses at BMXI use a variety of terms to describe the Talawaan ore geology in Indonesia.....out of ignorance. An orebody consisting of volcanic hosted sediments is not really a thing, although I suppose you could really stretch the term to include "stratiform accumulations of sulfide minerals". They also describe the deposit as a "vein", which is certainly not stratiform, or sedimentary. They also mention limestone. And granite. Neither of which is volcanic. Their brief mentions of geology are like a word salad.
Not to be nitpicky about the type of orebody or the geology, and to be honest, most investors here don't give a shit. But to me, as a geologist, it jumps out like a sore thumb. They don't appear to really know much about geology or mining.
You don't think it is a fair point of discussion to ask why their "processing plant" is now nine months late? Or why their share buyback doesn't seem to be happening? Or why their Exchange is no more? And why their management can't seem to prove their own existence.....a stockholder meeting, some verifiable details about their experience/qualifications? Or why they lied about the distance from the rockpile in the mountains to the processing plant? And of course....that darned Guerrero Mine is still a mirage.
It is your right to see things through rose-colored glasses and ignore obvious red flags, but not your right to tell others they can't raise questions.
So it appears you’re not an investor…
Nope, never said I was.
Are you short, or just a Good Samaritan looking out for our best interests?
Short, are you kidding? It is legal...but who would be dumb enough to short a stock trading under a dime?
And no, I am not looking out for the interests of anybody on this board.....you all have made your decision to invest in a shady "mining" company. No...I am just an observer learning new stuff.....like "volcanic hosted sediments" and "grams/bag" . New terms to me.
I am sorry for the loss to his family, he was loved by his son, grandkids, and his friends.
It does not excuse the fact that he caused a lot of people to lose their investments and retirement funds.
Doesn't matter what is on social media, or what is "public". No accounting firm should be answering questions from investors....not even to confirm whether an audit is happening or not.
5 years of promising an audit! Lucy....football....yoink! When will investors catch on? Never?
Moderators can be pro or negative. They do not have to be shareholders.
In your honor, I have requested to be a Moderator. I will clean up all the off-topic crap.....you're welcome!
So what's the harm in an accounting firm confirming an audit is ongoing?
This:
Market Sensitivity: Disclosure of an ongoing audit could lead to speculation or affect the market perception of the company being audited. It could potentially impact stock prices or investor confidence unfairly.
You seem a little butt-hurt that you fell for Jack's little prank. You really that gullible that you believed it?
I guess so, since you fell for the Todora Golden Core story too. And you probably think there is going to be a big data dump of 2000 assays in the next PR.
Why does the OTC attract such a bunch of rubes and easy marks?