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This ticker reminds me of FNV before the royalty-streaming investment model became a resource industry mainstay.
One of the best mining stocks ever was scrutinized and hated while it was in the microcaps. SDRC, financed by gold production, and successfully putting their patented technology into service, will potentially change the industry like FNV did. Of course a whole lot has to go right going forward, but that's why it's a penny stock, and the street still calls us "shameless speculators."
Hard rock consulting is an independent third party. They will give positive and negative. Research their history of work. They will not risk their reputation as such to be a yes man for some small time otc ceo. This is why the definitive direction of this shambhala project is squarely on their shoulders.
"The mining side may have some promise into exploration (only because of Hard Rock Consulting's involvement) but not if the corporate side continues to be a hopeless myer."
Before we can even consider whats in the ground, the corporate cleanup job will be what investors and prospective boardmembers pay attention to most. If this ambitious set of tasks is successful, alone, it will blow this stock out of the water. There is no success for investors on mining side until this stock is cleaned up. I think it will be but I remain cautious and maintain it may take longer than most expect.
Most adding now are frontrunning the catalysts at their own risk with perhaps disproporionate reward due to how cheap and shorted the stock is.
Thanks for the hard work and unmatched due diligence, Slow Jab. Love ya.
Hard Rock Consulting has a reputation, history of work, and is an independent third party. This is all public info and warrants due dillegence. If anyone is carrying this project forward, its them. Dave defers to them.
Paid bashers are slacking off lately!
You know who you are. Get with the program. Quick, I suggest you find something in a company filing to twist and misconstrue before this thing gets away from you!
A small curation of recently made company Tweets:
As a response to inquiries from current and potential investors, we determined that it was best to respond publicly : $SDRC@SDRCMINING's current board members have never sold or otherwise unrestricted any of their shares, and they have never done so in the past. This statement…
— Sidney Resources Corp. (@SDRCMINING) July 11, 2023
I can also say not a single board member has lifted a restriction on any of our shares. How many boards can say the same thing. I have held shares including shares I purchased before being asked to join the company for over a decade.
— Sidney Resources Corp. (@SDRCMINING) July 15, 2022
$SDRC Sidney's board and leadership is committed to the success of the company and it's vision moving forward. This year and within the last month the board has purchased over $1,000,000 in private restricted shares to support operations to production. Production in Oct. #GOLD
— Sean-Rae Zalewski (@SeanRaeZalewski) August 7, 2023
Sure. Since he’s a board member. Corey just made a $750k deposit to fund winter production and various things needed to keep the site operational all year.
— Sean-Rae Zalewski (@SeanRaeZalewski) September 15, 2023
Plus someone else invested 25k separately.
Hope that helps
no more backing is needed btw. We are fully funded at this time. We are focused on achieving production and creating meaningful distributions/realized return to our shareholders
— Sean-Rae Zalewski (@SeanRaeZalewski) September 20, 2023
BRGC is building a solid foundation for success in exploration. Lets hope Mac stays with it.
Groundhog Mining changes to Western Frontier (Laser Tech?)
In 2017, Groundhog Mining and Milling, LLC entered a partnership agreement with Merger Mines (developers of the Graduated Optical Collimator) to act as System Trainer and as Contract Operator for all underground operations. This was in In conjunction with technical support from Frencken America and IPG Photonics. "After training completed, the system/unit would be turned over to the purchaser or leasee for their use as desired. System Maintenance of the Scan Head and Laser must, however, be accomplished by either Groundhog Mining, Frencken America, or IPG Photonics as applicable."
In 2018, Sidney Resources Corp and Merger Mines entered a Joint Venture agreement in which the Graduated Optical Collimator will be field tested and ultimately deployed for mining operations on properties being explored and developed by SDRC. This agreement as facilitated by a third party named Energy Capital Funding Group, LLC who was conducting a joint financing of the two companies.
In 2021, Sidney Resources Corporation hired Gary Mladjan and launched their Mining Technology Division. This "new division plan will actively engineer and design the inaugural "thermal fracturing" prototype units for the mining industry and adjunct applications in the areas of construction and rescue where safe and efficient removal of material is required." SDRC completed an extensive assessment regarding the economic feasibility and funding options to launch this new division and 7 million shares of common restricted stock were issued to Gary Mladjan for the rights to his design of the “Graduated Optical Collimator”. During October 2021, Merger Mines also agreed to an offer, from Sidney Resources, in exchange for restricted shares, to transfer the intellectual property and all related rights to the Laser Mining Project.
As of Q2 2023, Groundhog Mining and Milling ceased to be contracted to work Sidney Resources Corp's underground operations. They were replaced by Western Frontier Exploration & Mining.
Has the above agreement made in 2017 between Merger Mines and Groundhog (and later under a Joint Venture agreement with Sidney Resources Corp) (to assume roles as System Trainer, System Maintenance, and Contract Operator for all underground operations) been altered, or otherwise voided, as development continues under SDRC?
Will Groundhog be retained in the future to conduct training operations, etc, or will Western Frontier be the new collaborator on the laser tech in this way?
For the length of my last post, it's surprising how little we know of these guys (Western Frontier & Steve Dobson).
Upon demonstrating the dead-end in my research, Sunnyland immediately responded to me "ill find out something for you. They're just busy underground." For the time being, this served to silence any further inquiry. His man at RBMC, Steve Cyros and perhaps a few others I will be in contact with, will physically be in Warren Idaho for SDRC's upcoming shareholders' meeting. At the very least I hope to find out more on this subject then.
I'm not gonna lie. Id rather have a thorough history of work to look at in order to determine WFEM's and Steve Dobson's qualifications, the reputation they are staking their professional advice on, and in order to evaluate the supposed "upgrade" from Groundhog. I'd be more much comfortable with that than being told to "trust me bro" in conjunction with a brand new website for a new company with no references.
The whole Steve Dobson mystery is another thing... I have been told by a few fellow investors, "what are you doubting the guy exists?"... In truth, I'm doubting investors are placing enough importance upon fully understanding what is guiding this company's decisions and the dramatic changes that have been made on their behalf in the past year. I am uncomfortable contending with the fact that management sees this as normal and hasn't addressed it yet. If we know SDRC is now holding industry standards in contempt (such as establishing a resource, then reserve, then feasibility, then construction, then production) then we need to know the details about what went into such decisions or else it is impossible to properly evaluate this as an investment.
If someone from SDRC is reading this, please take this (and the rest of my posts) as constructive criticism. I believe in your capacity for success despite whatever setbacks and I don't believe I am alone when I say I value a high standard for disclosure and transparency.
WESTERN FRONTIER EXPLORATION & MINING (WFEM) / GEOLOGIST STEVE DOBSON:
...What We Know and What We Don’t...
WFEM is a Nevada limited liability company, headquartered in Elko Nevada.
It was incorporated December 5th 2022.
https://www.bizapedia.com/nv/western-frontier-exploration-and-mining-llc.html
WFEM changed their name from “Wild West Mine Services” as of March 2023.
I cannot find anything further on any company going by this name.
https://www.instagram.com/p/CqBthZzP-53/?img_index=1
Matthew Dailey
CEO since August 2021. The man has connections to Montana Tech. Quite a few of the followers of the company’s Instagram and Linkedin are students and alumni of Montana Technological University. SDRC is known to have partnered with Montana Tech’s Internship program.
Linkedin: https://www.linkedin.com/in/matthew-dailey-7a298746/,
Facebook: https://www.facebook.com/matthew.dailey.921
SDRC hired WFEM no earlier than Q2 2023.
Before this date, SDRC’s mining contractor was Groundhog Mining and Milling. WFEM was not mentioned publicly by SDRC before August 2023/Q2. According to Q1 filings, SDRC disclosed that Groundhog had submitted a comprehensive mining plan for 2023 and beyond. 1 quarter later, it is said that WFEM had agreed with this mining plan, stating specifically: “Absolutely do not conduct a surface drill program. Get on the vein as they plan and go after it.”
.
SDRC has mentioned WFEM and/or geologist Steve Dobson so far in 4 publications:
August 14, 2023 PR
https://www.otcmarkets.com/stock/SDRC/news/Sidney-Resources-Corporation-Announces-a-Geological-Assessment-of-Ongoing-Development-and-a-Major-Discovery-at-The-Lucky?id=410661
SDRC 2023 Q2 Report
https://www.otcmarkets.com/otcapi/company/financial-report/378728/content
August 28, 2023 PR
https://www.otcmarkets.com/stock/SDRC/news/Sidney-Resources-Corporation-Provides-an-Update-on-the-Lucky-Ben-Project-Mill-Construction-to-Begin-Bulk-Sample-Processi?id=412143
August 30, 2023 Youtube Video
Read my post history. Nobody in their right mind would call me a pumper. I value balanced, honest debate. I have done more to promote that than anybody active on this board currently - presenting point after point, supporting evidence, and with possible rebuttals. Despite uncertainties, I still see promise in SDRC due to the big picture they are pursuing, although I see this as a longer term proposition that I would say most bullish on this stock would admit.
Retrospect, you must be mistaken. I have never invested in or have ever said anything about GGSM or TRSI in my life. I stay away from shells and dilutive messes unless I have a very good reason to make an exception.
Are these lies based on my recent comments on BYRG? I don't remember those comments being particularly positive ether. BYRG is an old scam ticker and I maintain that it is super risky. I'm pretty sure even Sunnyland has more than he bargained for with such a filthy stock and CEO. The mining side may have some promise into exploration (only because of Hard Rock Consulting's involvement) but not if the corporate side continues to be hopeless myer.
You guys need to get your act together and raise the quality of the conversation here. Resorting to lies and personal attacks are cheap. Isn't this conversation supposed to be about SDRC?
Answer to Gitreal Question #3: “There are nuclear-powered space shuttles in use currently by NASA? Really?”
Yes sir. Nuclear powered space shuttles and space stations are currently in use by USA, Russia, and China. I found a list for you on Wikipedia: https://en.wikipedia.org/wiki/List_of_nuclear_power_systems_in_space
It's a tall order for one small company to claim to solve ALL the problems of mining on other planets, but perhaps there is someone out there who hopes to in the coming generations, & can appreciate that SDRC may have figured out at least one small but crucial aspect of it.
Dr. Ryan Norman, nuclear physicist and researcher at NASA, & board-member of SDRC, seems to think there is enough promise to this project that he decided to stake his reputation it. This is a relationship contributing to what I like to call SDRC's “Economic and Anthropological Advantage.” 😂
Answer to Gitreal Question #2: “They have mining lasers powered by nuclear energy!! Isn't that enough to justify going all in?”
The laser-mining apparatus is currently being powered by whatever electricity source is present on the 2nd floor of the "Center for Welding, Joining and Coatings Research" building at Colorado School of mines.
What Sean actually said (in referring to nuclear energy) is that the laser-spalling system is mobile enough to at least be powered by the nuclear-powered space shuttles in use currently at NASA. This makes it an option for the moon-mining methods undergoing research & development by US and Chinese governments. He also mentioned the laser-spalling system can be powered by solar.
Promotion of the interplanetary-mining angle is something I find to be very "out on a limb." We have enough problems with risks and uncertainties with mining on Earth! I happen to believe that if we were to experience a cyclical boom in space-mining investments, although likely to be favorable for SDRC and the commercialization of their laser mining, it will likely produce 99% failures and scams. CEO Sean should be very deliberate, and careful with his intention to enter this space.
Supporting the space mining angle at SDRC is board-member Dr. Ryan Norman who is a scientist at NASA Langley Research Center. His specialty is in nuclear engineering and radiation shielding. He must be weighing in on this subject at company board meetings, influencing the recent language of CEO Sean. Check out Dr. Norman's history of scholarly works here: https://scholar.google.com/citations?user=K4e3m0AAAAAJ&hl=en
SDRC's Laser Mining system is in EARLY STAGES despite being in development for over a decade and having achieved spallation of rock – something its predecessors were not able to accomplish from laser alone. Expect the system to be optimized for power usage and efficiency over time. The development of this tech, although showing promising results, is far from over. Financing deals can enter at any stage, though, it is a long way from being put into service. I am pretty sure that lower power levels are optimal for spalling and a 4kw laser will at any point be deemed overkill / unnecessary for mature iterations of this product.
This refers to Lithium readings, shown via the hyperspectral imaging, in concentrations consistent with those specifically found in spodumene occurances.
I agree that "Spodumene-grade" is an odd choice of words that implies it shares the scale of grade low-medium-high. Its possible that it was a typo and they meant to say "high grade spodumene" but I doubt it. We will not know the grade of the ore until more traditional sample collection and chemical analysis is done at surface and eventually with intersections at depth. This deposit is still in prospecting phase.
I say again, I am bullish on SDRC.
I have owned shares in SDRC since 2020. As someone enthusiastic for this stock I naturally gravitate towards others enthusiastic for this stock. Yes I do take part in Sunnyland's chatroom and I have no shame in it. I am fond of and friendly with the man. If anyone claims perfection, they are diluting you. I believe I contribute a much more balanced view on my investments than many others there, and if what you're saying is right about that forum being a pumper's paradise, I'm surprised such hasn't gotten me in more trouble than it has. Believe it or not, I value sound DD, and I am constantly re-evaluating my bull case constructively. Through all of it, and despite uncertainties, I remain overall optimistic on the big picture for SDRC.
As for BYRG, full disclosure, I do own shares in the company. I own way less than I used to however. It has become clear to me that the CEO is dangerous, with 1 and a half feet already towards going rogue with his 7 billion + shares. I think the hiring of expertise (Hard Rock Consulting) and the developments with USGS and WYGS doing geological reconnaissance in that area along side HRC's geologists are a testament to the legitimacy and promising future for that project. It's the corporate side and share-structure side that is a near hopeless mess. Only if it can be cleaned up and the company built into something that can get anything done on corporate side in any reasonable amount of time, I'd say that could turn into an opportunity. Permanent damage to the brand of that company has taken place, and by virtue of it's connection to SDRC, a much better company in every way, BYRG is close to parasitizing that relationship. I question why anyone would incorporate such an ambitious mining project under such a stock with so much baggage in the first place? Re-commercializing something like the New Rambler mining district (A platinum prospect, that until proven, most of the world will be convinced is impossible) is hard enough.
BYRG? Bless your heart.
Dan Hally has always been listed as one of the directors on the Red Beryl Mining Company team. Check out the bizapedia profile: https://www.bizapedia.com/ut/red-beryl-mining-company-inc.html
Ever since Hard Rock Consulting was hired at BYRG, Dan Hally hasn't been involved with that project. I doubt its interfering with his duties at SDRC in the slightest. BYRG has enough to chew on with the mining side, and simultaneously navigating that mess of a corporate side has proved too much of an obstacle for management. Its an unorganized company with a scamy past with prohibitive baggage. Super weak on corporate side, super ambitious on mining side, that's broad sentiment of BYRG. Meanwhile, company is penny-pinching on IR, legal, and other internal tasks, probably relying on Red Beryl's support way more than people realize.
SDRC, however, has a very strong corporate side comparatively. Sure exploration isn't as thorough as we want it, feasibility nowhere near definitive, and there's heavy leaning on technological edge tempting skeptics to assume is a red flag. Nevertheless, SDRC is driving expansion and growth whatever it takes. They're building a business. They have put together one hell of a diversified team and to what end is still a mystery. I remain cautiously optimistic on SDRC from here. Not sure what their association with BYRG will entail here on out, however loose it is , and how it will impact their brand. I reiterate, cautiously optimistic.
What are these questions you have inspired by Dan Hally's relationship to Red Beryl / BYRG? I'll do my best to answer them if you let me know what they are.
Groundhog / Western Frontiers geological opinions are presented to shareholders with an attached conflict of interest, especially when in conflict with Rick Hurt, Pete Ellsworth, Chris Christopherson's, and other opinions from independent third parties. Much of these are disclosed but many remain to be seen. I say this because we know Groundhog / Western Frontier will be getting the mining contract regardless. They will say whatever they need to to ensure the most lucrative contract from SDRC. Pushing for production and not for potentially disqualifying drill campaigns are to be expected from such parties and should be of little use investors.
It has been known for some time now that SDRC isn't doing sampling work to establish or prove reserves, which would otherwise be the case if they intended on conducting a feasibility study. It is only done to grow an "inferred estimate for recovery." They intend to minimally confirm gold occurrences at the spots they plan on extracting ore from. What else they do with these astronomical inferred values on social media, despite experts saying they need more information to draw conclusions, should be of little use to investors.
For the time being, this should not be considered an exploration company. The name of the game now is: Will the eminent revenues from Lucky Ben, despite the absence of an accurate projected value of the mine, be consistent and profitable enough? Will the market celebrate the first year of revenues? Will the market accept revenue guidances backed by inferred values alone?
Stopping or postponing the drill campaign needs explanation.
It is implied that this was the plan by Groundhog and only reiterated by Western Frontier.
What one can surmise from the prevailing narrative is that SDRC declaring revenues is more important now than defining their resource. Rumor has it that, with revenues, they will continue expansion and share buybacks. Per the CEO, SDRC wishes to enter energy sector in order to elaborate upon the strategic partnership with Xexus, and is also in talks for more land acquisitions. I disagree with this at this stage but I also acknowledge that I don't have all the information available to me that went into this decision.
It is my outspoken opinion that exploration and defining the resource should be #1 priority at Lucky Ben. Letting investors run with astronomical projections about what the project is worth for longer than necessary is irresponsible to me, while alienating themselves from the bulk of money in mining industry. ($4 - $35 billion without factoring costs of extraction, decade+ of financing and amoritization expense?) I'd like to think at a later stage they will drill in order to contribute to a definitive feasibility study. That way they can project the life of the project more accurately, dispell the accusations of promoting fluff, and maybe use the bankable value created to finance any expansion they desire to do.
I appreciate your high quality post Gitreal.
You clearly have been around the block in this sector and have witnessed some messed up things (as have I). I don't blame you for your harsh outlook on OTC mining stocks. Based on history, the odds are overwhelmingly on the side of heavily promoted OTC miner = pump and dump. Other stocks I've seen you comment on (such as WSRC, AABB, and perhaps even MXSG) are much clearer to me to be highly dilutive, pump and dump scams with no intention of proving or mining anything. You have made some good calls in the past (and it seems evident to me that you're not just an empty basher like RetroSpect, or a disgruntled old bull like Bob Blanco).
I'm here for education. Please make your case for why SDRC particularly warrants this type of scrutiny and leaves so much room for doubt. I have my own ideas I continue to consider, but I'd like to hear your own detailed take.
I am also curious to know, if you are not just trying to dissuade people from OTC mining in general, are there any mining stocks you are particularly enthusiastic about? I'd love a good case study for how one can do this kind of business right as a microcap, or OTC, exploration stage miner.
Thanks in advance.
Gitreal, please try not to be a cynic.
You are 100% right that scams saturate this industry. It seems like this industry is more rife with it than others. You are correct about all of that... but my educated bet is that you are wrong that SDRC is one of those companies. To your credit, I believe they hold a lot of industry standards in contempt that are designed to eliminate ambiguity and risk. This does not necessarily mean wrongdoing is taking place although most times it does. I only hope that with revenues and proper guidance, despite their expressed care for the integrity of the share structure, SDRC can afford to de-risk their projects properly so the market can accurately evaluate this investment for good or for bad. Focusing on expansion so heavily in past few years seems to have triggered suspicions that the exploration campaign at Lucky Ben has lost momentum. I think its a valid concern but we will see soon enough how it turns out.
Your concerns are all my concerns too, but my conclusions are different than yours: About both SDRC and about Sunnyland (who is young and is learning too). I ask that you re-evaluate honestly... and if you wish to speak about it more, please let us know your research in full, absent of emotional trigger words. Please cite evidence so we can debate this properly.
Thanks for the kind words, brother.
We must try to keep the eyes on what this company is doing and away from the petty bullshit that wants us distracted. Sidney Resources is currently firing on all cylinders, and its hard enough to keep up with that.
I am very surprised to read as of today that Groundhog Mining and Milling is no longer contracted to serve SDRC. They have been replaced by Western Frontier Exploration and Mining Contractors, and along with the new road, has resulted in a year round mining schedule and an operational mill by the end of the season. Some superficial research on Western Frontier shows them to definitely be a much more capable firm (than Groundhog) and appropriate for SDRC's vision of remediating, resurrecting, and recommercializing the entire Warren district.
So far this week Sean's interview has been chock full of updates:
I don't write PR's. I read them.
...unlike you evidently, gitreal. Making fun of PR as necessarily void of substance is cynical and cheap. You're shooting yourself in the foot with this one. How could you expect anyone to conform with this notion that you are the foremost expert on this company if you aren't even engaged with company disclosure?
Q2 quarterly disclosures are out today with some key changes to operations. I suggest you read them. If you aren't, you are behind on this company. Here's a preview: Year-round mining from now on. Exploration and production via the new mill under a new contractor. http://www.otcmarkets.com/financialReportViewer?symbol=SDRC&id=378728.
You think I'm the PR writer? lol. This one is classic... and a compliment! Thanks.
I will answer all your questions, gitreal, don't worry. Be sure to keep posting and trying to fabricate some kind of basis on how to censor me.
Answer to Gitreal Question #1: “anthropological advantage to this company - What does that mean? You write like an IR guy......lots of words and jargon. Are you an IR guy?”
I’ll look up the word Anthropology for you. Webster basically defines it as “The scientific study of the behavior, and the social, and cultural development of humans.” Used in context as I did: “An ongoing collaboration with Raytheon (RTX), IPG Photonics (IPGP), & Colorado School of Mines provides economic, & anthropological advantage to this company.”
Let me simplify further for you. Anthropological advantage for a public company = Social, behavioral, and cultural advantage. For example, and within context:
1. One of the largest technology companies in the world Raytheon is in a working relationship with SDRC for the laser mining machines specialized optics & mirrors. Raytheon is lending their R&D capacity, investing in tooling for SDRC, and is lending their credibility by association… to itsy bitsy SDRC. Hence economic and anthropological advantage.
2. One of the countries leading fiber laser manufacturers is in a working relationship with SDRC on their 4kw laser test prototype, and will also be lending R&D capacity, and credibility by association…. to itsy bitsy SDRC. Hence economic and anthropological advantage.
3. One of the most prestigeous stem universities in country, Colorado School of Mines, who has been a venue for development of this very technology in the past, is continuing it’s development and testing on their campus. Their ongoing working relationship and contracts lend R&D capacity, and credibility by association…. To itsy bitsy SDRC. Hence economic and anthropological advantage.
As for the rest of your comment,
I am not an IR guy. I am an investor and I believe this stock is undervalued to its fundamentals. I have owned shares on the open market since 2020 and I continue to add. I am happy with the investor experience of the past several years and am excited for the future and direction of this company. I wish others to see the value I see and the disproportionate favorable risk to reward profile of this investment. I look forward to my shares going up in value despite uncertainties.
1. $SDRC is more than a mining company.
2. CEO Sean's experience will prove instrumental to SDRC's vision for growth, and higher profile.
3. Strategic partnership with Xexus Green Energy, & favorable working relationship with the Nez Perce tribe, will benefit $SDRC's pursuits in Idaho. Chantel Greene’s background and experience in this arena will prove instrumental in securing grant funding, negotiating permits with government agencies, & her Native American minority status will be instrumental in bidding on government contracts.
4. The laser technology is a worthwhile and high potential endeavor that is coming to fruition nicely. It opens avenues for growth in scope and invest-ability of the rest of the business.
5. The broadening in expertise & diversity of the board and team is appropriate to the new directions the company is moving in.
6. $SDRC is undervalued to it’s fundamentals, resulting in a curb to downside risk.
7. Everyone involved in this company is bringing their background and skills to the table in a meaningful, relevant, or productive way. Each are incentivized to shareholder value, with few wasted resources, & have a vested interest in the stock doing well.
8. Corey Schram’s (Owner of AFK Foundry) addition to the board fits with the vision to commercialize Lucky Ben beyond just producing ore. The same goes for the good working relationship between $SDRC & Liberty Refiners.
9. An ongoing collaboration with Raytheon (RTX), IPG Photonics (IPGP), & Colorado School of Mines provides economic, & anthropological advantage to this company.
10. Expansion into Walla Walla, and multiple other mining endeavors will serve to supplement the value generation of Lucky Ben.
11. Merger with Irish Metals will contribute to the effort to mine environmentally friendly and economically. The patents held by Mike Irish (in novel smelt-less refining, water remediation, and battery & solar cell recycling) will prove relevant to this company's value proposition. As a subsidiary of $SDRC, Irish Metals’s ongoing grant funding and high profile networking will benefit the rest of $SDRC’s business.
12. New share issuance's have only ever been 2-year restricted for cash or services. Those contributing cash have only ever been shareholders/investors, management, and the BoD. We have no reason to believe this will ever change.
13. The exploration efforts of Lucky Ben under present management have shown great promise and indicate long lasting value to this mine.
Answer to Blanco Question #23: “I say what I think about stocks I (lie about?) own (ing?) shares in. I’m often critical because there is often a lot to be critical about. SDRC is no exception. I have never wavered from saying Lucky Ben should have been sole focus, and current share price shows it. ”
I agree that there is a lot to be critical about SDRC. In the past several years they have undergone changes in management, and the company’s focus has taken a turn onto some polarizing paths. Focusing on technology development, especially as a non-revenue generating company, may confound some of their efforts at mining in near term. Funding is a real issue for all of these. I’m sure many old school investors in SDRC would resent the push into technology who’s main audience may not appreciate the risks of mining development. I get all that, and I get why a lot of these people have left. I am concerned about it too, but after long consideration, my own appraisal of management and their vision, and from what I know about cyclicality in this industry, I have found myself more bullish than ever. You may not respect mine or the intelligence of anyone bullish on this stock, but I assure you I didn’t decide this way lightly.
Based on reading some earlier posts of yours, here's some points where we disagree:
1. You disapprove of every avenue beyond mining Lucky Ben that this company has pursued since Bill Brown died. You reject the idea that SDRC should be anything more than a mining company.
2. You disapprove of Seans leadership because he doesn’t have a mining background. You don't believe his experience in investment world, and in finance, will prove instrumental to SDRC's vision for growth, and higher profile.
3. You don’t think a strategic partnership with Xexus Green Energy, or a favorable working relationship with the Nez Perce tribe benefits the mining endeavors of SDRC or its business overall. You think that despite Chantel Greene’s experience in this arena, she will not be instrumental in securing grant funding for SDRC's projects, nor negotiating permits with government agencies, nor her Native American minority status instrumental in bidding on government contracts.
4. You think that because the laser technology is nowhere near being put into service, it’s drain on company resources is unjustified. Any doors it opens for growth in scope and invest-ability of the rest of the business are not worth it.
5. You wish for SDRC to return to its roots as an old school mining company, regardless of the change in expertise and diversity of the board, or any indication of their intention to do that.
6. You think that because the price per share of SDRC multiplied when they started the tech division, whilst the tech being useless and a drain on company resources, necessarily means the stock is inflated and poses a risk to investors.
7. You don’t believe that everyone involved in this company is bringing their background and skills to the table in a meaningful, relevant, or productive way.
8. You don’t believe Corey Schram’s (Owner of AFK Foundry) addition to the board fits with the vision to commercialize Lucky Ben. You think his background void of mining experience disqualifies him.
9. You don't recognize that an ongoing collaboration with Raytheon (RTX), IPG Photonics (IPGP), or Colorado School of Mines provides any economic, or anthropological advantage to this company.
10. You disagree that expansion into Walla Walla, or into any new mining endeavor, before successfully commercializing Lucky ben, is anything but a distraction from Lucky Ben.
11. You don't recognize that a merger with Irish Metals will contribute anything of value to this company's efforts to economically and expeditiously mine Lucky Ben. You don’t believe the patents held by Mike Irish (in novel smelt-less refining, water remediation, and battery and solar cell recycling) will prove anything relevant to this company's value proposition. You deny that Irish Metal’s ongoing grant funding and high profile networking will benefit the rest of SDRC’s business in any way.
12. You think that any upward change in OS, however restricted, however temporary, is necessarily dilution.
Now I remember you mentioning earlier that you didn’t believe the exploration efforts of Lucky Ben under present management have proved anything but lackluster. You suspect that this is the reason the company is pivoting its business away from just mining Lucky Ben. If this is right, then your investment has turned out to be a total disaster. You’re not interested in anything else they are doing and the core interest you have in them is suspected of being economically unfeasible.
So, investor, Why do you own shares in SDRC?
As an investor, and even if you’re lying about being one, you must have at least some fabricated story about your growth prospects for the stock despite the seemingly never-ending list of disapprovals. You must have some sort of trust and regard for management to navigate these problems. If you don’t agree in the vision they have for the company, how does your holding shares in the company express that?
You think I’m dishonest, and that’s a fair opinion, but an unfair assessment. I’m having trouble believing you’re honest too. I’ll tell you why. I’m observing an inconsistency in your statements. The only thing that’s consistent about you so of far is how you act. I have exhaustively tried to maintain some kind of coherent conversation with you… and I really do find your point of view interesting and challenging… but you are clearly not interested in that. You act like you’re the smartest man in the room. You express it by calling people names and by diverting the conversation away from the company every chance you can. You ignore honest attempts at discussion, mock people, and try to provoke emotional triggers in everyone who tries to get a word in. It seems like the whole point of what you do is to confound any meaningful exchange of relevant information that may help one accurately evaluate this as an investment. I get that. I get that you want to draw attention to the company’s mistakes. Maybe its about accountability and you’re trying to hold them accountable in whatever small way you can. I get that it all probably makes you feel big and important. Maybe the attention I’m giving you now makes you feel big and important.
… or was it all just “gobbledygook?”
It sounds like you would like me to suspend disbelief in you owning shares in SDRC.
Ok "investor," would you mind laying it out for us? What is your bull thesis?
Answer to Blanco Question #22: “Pete now reads this board does he?”
That’s a good question. I really don’t know, man. I would be very surprised if he did... just like we both were surprised when the CEO Sean Rae Zalewski came on here that day several months ago as well. I’m surprised that anybody cares about what goes on around here anymore either (unless, of course, they were paid to do so.) Investorshub is well known in recent years to be a safe haven for dishonest bashing of stocks and not much else. Given your obstructionist efforts, you seem surprised that these haven’t produced a completely un-credable, obscure, forgotten forum!
The quality of conversation here for years has not only sunk this forum, and the majority on this website, into almost complete obscurity, but you seem hell bent on posting every day on this particular one, multiple times a day, in order to ensure that it remains that way. Why? Even still, years after you have lost any interest in the company? For who's benefit?
I understand that Bill Brown was CEO in the 2000’s, and that you were around then. Were you enthusiastic about the company then? What stood out to you about this project that made you want to invest? Are you still an investor? Is my understanding correct that you disagree with the direction the company has taken in past 3-4 years? Are you an investor in mining stocks at all? Are there any contemporary projects you are particularly enthusiastic about? I’d love to see a comparable and check them out.
This is a shout out to Pete Ellsworth, P.G., Qualified Person (QP).
I look forward to seeing what you have been working on sir. Take your time and do it right.
An excerpt from SDRC PR on May 8, 2023:
(https://www.accesswire.com/753387/Sidney-Resources-Corporation-Announces-2023-Exploration-and-Development-Plans-for-the-Lucky-Ben-and-Walla-Walla-Project-Sites)
"Sidney Resources Corporation Announces 2023 Exploration and Development Plans for the Lucky Ben and Walla Walla Project Sites"
"The Mineral Resource Estimate Report (MRE) for this ore body will be prepared by Peter Ellsworth, P.G., a Qualified person (QP). The company has provided a substantial collection of fire assay samples, including drill core samples from directly intersecting the vein, as well as numerous historical records for review. With 37 years of expertise in mining and mineral exploration, Mr. Ellsworth is a professional geologist who is currently in his 30th year as an independent consultant. Proficient in project management, corporate leadership, and all aspects of geologic work connected to natural resource exploration and development. He is qualified in accordance with Canadian National Instrument 43-101 and the Australian JORC code." "The company's objective is to identify additional previously mined stopes and conduct an extensive sampling program in accordance with the guidelines established for producing a complete 43-101 report."
From Pete's Linkedin:
(https://www.linkedin.com/in/pete-ellsworth-62704445/)
Geologist with 37 years experience in mining and mineral exploration; currently in 30th year as an independent consultant. Proficient in project management, corporate leadership, and all facets of geologic work related to natural resource exploration and development. Available for corporate management, property evaluation, project generation, property acquisition, project marketing, drill supervision, geologic mapping, permitting and preparing qualified technical reports. Meets requirements as Qualified Person according to Canadian National Instrument 43-101 and Australian JORC code.
New share issuance's have only ever been 2-year restricted for cash or services. Those contributing cash have only ever been shareholders/investors, management, and the BoD. We have no reason to believe this will ever change.
There are some unrestricted shares being sold but these are old certs that have nothing to do with present investors and management. The recent effort by the BoD to round up and cancel dead shares caused this influx of old cert holders selling, just by reminding them that their certs carry value. Efforts to engage these old certholders will allow these to be sold off market at a more favorable price than a broker-faciliated sale, while preserving value for the stock for present shareholders. a Win Win.
Meanwhile the Board just announced a $1,000,000 contribution of their own funds to the effort of purchasing old certholder shares. This is done preserving the funding needed to continue operations in mine development and technology development for the forseeable future. Recent correspondence with management on other platforms (like Twitter https://twitter.com/SeanRaeZalewski , https://twitter.com/SDRCMINING) show the company is firing on all cylinders towards a breakthrough while mining season is in play. Yearly shareholders' live meeting is drawing closer.
Excuse me for the mistake.
Full disclosure: I am an investor and I believe SDRC to be greatly undervalued. I have owned shares on open market since 2020 and continue to add. Not privately. I look forward to watching the stock price rise and wish for more people to see the value that I do despite uncertainties.
I am outspoken about the research I have done on this stock on multiple platforms. I have no shame in it. I also have no shame in being engaged in Sunnylands research and work. Bob, you seem to think the guy is a criminal. I wonder what he has done to hurt anyone besides be wrong once in a while.
I was not around when Bill Brown was CEO of SDRC, but I understand you were. Were you enthusiastic about the company then? What stood out to you about this project that made you want to invest? Are you still an investor? Is my understanding correct that you disagree with the direction the company has taken in past 3-4 years?
Answer to Blanco Question #21: “Strange that sunnyland is not mentioned in the filings as playing such a huge role in the company??? ”
Sunnyland is indeed is in the filings. His company Red Beryl Mining Company is listed in the new issuances twice. Not as offering services for shares, but for contributing cash. He is an investor and it looks like any further collaboration with SDRC has gone unpaid.
Date: 05/27/2021 - Quantity: 1,428,572 - Price per Share: .035
Date: 03/30/2022 - Quantity: 108,980 - Price per Share: 0.2294
So besides being long with private shares via his company. He has also invested heavily as an individual since 2019.
To be honest, I find it strange that this conversation should be fixated on him. As far as I can tell, of the stocks he is involved with, he may be least involved with this one on the mining side. SDRC has been trucking along just fine and doesn’t need much help from him in that regard. Its just that guidance about OTC stuff, old stock cleanup stuff, and business networking stuff perhaps that seems to be an area of collaboration. There’s likely more but who am I to provide definitive information about the relationship? Sunderland has always been open to my questions but if you are relying on me to be the foremost expert on this subject, you’re doing DD wrong.
Answer to Blanco Question #20: “Why is SDRC and Sunnyland so desperate to find out who is selling stock on SDRC?” “If he is not part of SDRC, why would they be giving him this info? Does SDRC not respect their shareholder's info? I was told he was doing the same thing with BYRG .”
There are dead shares out there from this old company and SDRC has the legal basis to cancel a great number of them. The owners may be dead, assets forgotten, who knows. This act of cancelling old shares has contributed to a falling OS. The act of contacting old shareholders has created a snowball effect of people wishing to sell stock in a company they are no longer engaged in. I see it as a good thing. The idea behind this is to allow them to sell without it hurting the present price action, and if you believe the company is undervalued like I do, they are getting out cheap.
Suspend disbelief and entertain the idea that SDRC is undervalued. Lets say SDRC is a totally different, more developed, more valuable company than they were years ago and if the price is set to rise. It only makes sense to get these old shareholders out quickly and without some shady broker facilitated sale, avoiding an un-restricting of restricted stock. It makes sense to acquire these shares directly for everyone involved and it benefits investors by avoid having to churn them out at a much higher price per share. The effort to intercept old shareholders selling is a win win for the company, and shareholders.
Just yesterday it was disclosed that the board contributed to these efforts with $1,000,000 of their own funds, purchasing stock that would have otherwise been hitting the float, so that it remains in more solid hands. The company has always been funded by shareholders, management, and the BoD. This makes me feel good as an investor as they all have a similar interest in the success of our investment.
As for Sunderland’s involvement and disclosure of information, it is true that this man works close with SDRC. He has acted as a consultant, a specialist in stock action, a specialist in OTC mechanics, marketing, mining business contractor, prospect generator, and does stride a fine line between insider and retail investor. I don’t know if or why SDRC is giving him otherwise guarded information in order to affect change in above mentioned regard. I do know he is very careful not to disclose material information public-ally before the company does. Regardless, Sunderland is skilled and knowledgeable in OTC things the company may not be. They are allowing him to help them and guide them. They trust each other as well as Sunderland contributing his own funds and resources to the effort. He has a high level of involvement with BYRG in this regard as well. I believe he genuinely is doing what he can with the faculties available to him to make sure these companies succeed.
Answer to Blanco Question #19: “Other than being a liar and accusing people posting on ihub of "f*ckery on Sunny's board? And your buddies there calling us "liars posting garbage"?”
I am not a liar and I cannot speak for the statements of others, but I stand by my statements as to the low standard of quality maintained by the most active posters here. I ask that you cease proving them true and commit to more patient and well considered discussion. I would prefer that this conversation remain about the company ONLY. There’s no need to make disparaging remarks about another’s character if how they conduct themselves is allowed to speak for itself.
I did nothing to provoke hostility from you. I just want to have a conversation about SDRC.
I have done my best to give my personal honest appraisal to your uncertainties, many of which I also share. I thought you would appreciate it but somehow my character is under scrutiny all over again because i am enthusiastic about this stock and am friendly with other prominent bulls of this stock.
Please take your time and formulate your responses... and for goodness sake do your own DD! Stop waiting for it to be spoonfed to you.
Answer to Blanco Question #18: “Updates on Lucky Ben 2023 season?”
Those are only starting to roll in now. Gold revenues promised for October? I agree that the silence up until August was a bit much. Regardless, I remain optimistic that everything we need to know will be disclosed at the next shareholders meeting. I suggest you tune in. It’s been in September every year so far but since an announcement was made recently about October, I am not sure about 2023.
Answer to Blanco Question #17: “Why spend money they don't have to buy back private shares that are already restricted, when the money could be better used to produce gold?”
It makes sense that funds are tight having undergone so much M&A, asset purchases, and operating all these projects with no revenue to show for it yet. I agree that no frivolous decision should be taken lightly within the context of a mine that needs to be developed. Well, it turned out to be private placement money that those shares were purchased with. SDRC has undergone funding rounds that are as non dilutive as possible and one of the ways they can do this is by contributing to their overarching goal of identifying, intercepting, and cleaning up old shares in the process of coming unrestricted with intent to be sold.
Management likely figures they have what they need to produce revenue from mining this year and will be utilizing capital to nurture the equity structure. Everyone in this company has been issued stock at a much higher price, and they hold the stock’s market value high in importance. This is a sign of shareholder friendliness, not the opposite. I am however concerned about the inevitable train of 2-year restricted shares turning unrestricted after all these deals have been taking place. We will see how determined these shareholders are to see their investment through.
Answer to Blanco Question #16: “If Lucky Ben is so rich, why are they exploring Walla Walla?”
I believe they purchased Walla Walla because it was a deal they couldn’t refuse and it landed in their lap. Dan Hally is a vigorous researcher and inquirer into local mining history and claims. This purchase was likely the result of years of due diligence, uncovering and watching targets, making connections with owners, and pouncing when an opportunity for a deal arises. The previous owners likely ran out of funds like countless other mining projects at their stage, in a locality with very little infrastructure supporting it. The deal was favorable. Royalties on production, and restricted stock issuance.
The grand plan seems to be to operate a multitude of producing mines that all take advantage of the same mill. In aggregate, the companies inferred, and measured resources can grow, while exploration risk can be spread out. SDRC looks to be specializing in historical mine revival, having access to a large amount of proprietary old mining data (many of which was acquired as part of the MERG deal.)
Answer to Blanco Question #15: “The Modeling should be done in the off-season. Spend the money on drilling or better yet, hit the ground running and max out the small mining permit and produce some of that bonanza grade ore?”
Is that not exactly what they have been doing? They did just promise mining revenues this season. I highly doubt they’re idle in off season… in fact I know they’re not.
Answer to Blanco Question #14: “Umbrella of Sidney Companies?” As of the last financial filing, SDRC had total current assets of $80,953. How many umbrella companies does that fund?”
I found this wording to be a bit weird myself, but after further consideration, there is a strategy here I assure you. Sure one component is that SDRC is implying that they will act as a parent company of sorts for a slew of subsidiaries. Irish Metals may be the only subsidiary as of this date. Xexus is definitely not a subsidiary, but may be acting like a strategic “sister company” of sorts for networking purposes.
The main point here is that there is a family of businesses and philanthropic endeavors being established in order to offset the environmentally harmful mining activity with a theme of environmental stewardship as well as good relations with surrounding indigenous communities. Chantel Green specializes in funding acquisition for green energy projects, and SDRC is involved in a multitude of these now. This is not just a mining company any more. Between the laser tech development, Mike Irish’s smeltless refining, clean water tech, and battery and solar cell recycling tech, and Chantel Green’s inevitable dialogue with government agencies and surrounding indigenous communities in everything they do, put the whole “Umbrella” at an advantage for grant funding and permitting. Both Chantel green And Mike Irish have negotiated and secured grants for their operations in the past and whose association with SDRC has a high likelyhood of benefiting.