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Thank you Slowjab. Correct.
It used to be a scam. Dave was scammed and everyone was scammed by Dave. The market accepted it as a scam and now its priced for death.
Place your bets now whether you think it's even possible if it can get cleaned up because that's what they are attempting to do. That may or may not be a disproportionately placed opportunity.
BYRG will sure as hell file a NI43-101 compliant report as they are being advised to by their mining contractor Hard Rock Consulting, and (get this) they will do it the correct way.
Gitreal is confused! MISM investors were issued a warning because the company DIDNT properly file a NI 43-101 when it said it did. Complete falsehood being spread like butter over too much bread. Oh great scholar of OTC mining scams pulling 2013 articles out of someones ass ... give me a break.
Simply, why BYRG will issue Canadian compliant reporting:
Canada's National Instrument 43-101 is a standard used for fairness and accountability in commercial grade mining properties world wide; not just companies in Canada. This is because Canada has been the largest investment hub for mining companies in the world for many years now. With the goal in mind that BYRG is preparing its properties for sale, BYRG will be evaluated for investment by large, institutional, or otherwise established in mining industry entities (or for acquisition altogether) and these entities will pressure BYRG to develop the properties and report according to the standards that THEY use. THESE companies are very likely to be Canadian-traded or dual-listed public companies, but it will still be useful and welcome if not.
Oh and BTW, you think I run IR? For not just this company but a whole slew of others? I'll take that as a compliment... I guess.
I wasn't going to say anything about this.....
But you, gitreal, are clearly and desperately spreading falsehood here. Nothings stopping any company from hiring a geologist or professional qualified to do so (besides expense) to write a Canadian compliant report. Now if you're implying that the guy to write it under that heading won't be qualified to do so... that's another story.. but you didn't say that.
I've never heard anything more nonsensical in my life... and to see the peanut gallery rally behind you about some article from microcapdaily... which happened to be decently written in my opinion. It cited a broad amount of previously released material information that investors need to evaluate the stock. Now I'm seeing that BYRG is coming off a clear major bottom, share lots from the 2021 debacle are being cancelled, and its becoming so clear that progress is being made to clean up the filth this stock has been for so many years.
It's clear something's up and the overlords must have sent out a memo given the crows have flocked around it. BYRG is in play.
Shareholders' Meeting was a very nice overview.
Its just mindboggling how far this company has come in the few years since Sean joined the team.
Rather than laying it out here, you can hear it for yourself.... If you missed it on Friday, I have the recording for you here:
Natural wire gold is an exceedingly rare occurrence.
Seeing the pictures that were released from the first days of using the shaker table, we are reminded of that the Lucky Ben may continue to produce museum specimens like the past. I have not yet made it to the Ferry building in San Francisco to see the Lucky Ben sample that was said to be on display there from pre-war mining activity, but barring the desposits' size and scope which has yet to be fully measured, this was and is a geological marvel of anomalous superior grade.
The Winfield Scott mine (Named after the man who discovered it) was renamed to the "Lucky Ben" in August of 1891 before it was sold to Jay Czizek in 1893. The earliest known gold production values of the Winfield Scott were from 1868: "$80 to $290 per ton." At a national gold price of $18.93 per troy oz for that year, that would roughly be ~4.2oz/ton to ~15.31oz/ton. Depending on the wholesale rate they were likely selling the ore at, Dan Hally's (SDRC's Chief Operations Officer) quoted ~5-18 oz/ton is not unreasonable!
SDRC's patent application is available for public view:
18/103,991 | 45332-004: METHOD AND APPARATUS FOR USING ELECTRO-MAGNETIC RADIATION IN NARROW VEIN MINING
https://patentcenter.uspto.gov/applications/18103991
An important year for an important company on the USOTC. They're fighting through blizzards to extend the on-site season indefinitely and finally bring the company into revenue production.
Irish Metals' work with Antimony will be of interest to Perpetua Resources in Idaho, who is in an unending myer of environmental negotiations due to their historical contamination of the surrounding water-bodies. Irish Metal's work with water fits well with a lot of the themes plaguing important domestic mining projects.
The XTPT connection was indeed facilitated by Sunnyland, although XTPT's vast properties and extreme early stage make the prospect of construction of a processing plant a very pre-mature discussion in my view. To have SDRC in a signed non-compete non-disclosure agreement with XTPT, speaks to the sensitive nature of Irish's tech, and the seriousness of their intentions together. As a venue to showcase this very important metallurgical technology in the extraction of Antimony, XTPT, or what may turn out to be called "American Antimony," will benefit SDRC. It's just one of those topics that is flying under the radar now but will become red hot if the precarious geopolitical situation gets worse. Sending ammunitions to Ukraine and now Israel? Sure, the XTPT project is pre-mature, but the market positioning is of tremendous potential given there are basically no public-ally traded Antimony producing companies on US exchanges. I happen to like the project and I like Mac Shahsavar who has been financing his companies almost exclusively by himself. He should take a queue from SDRC and build out his board with willing stakeholders and relevant expertise.
You should probably research that first before posting.
Irish Metals LLC and the work of Michael Giriard Irish, Chief Technologies Officer of SDRC, can easly be read about on their website: https://www.irishmetals.com/ I also recommend a search on the patents this guy is credited to. He has developed battery recycling tech under assignees other than SDRC. Irish Metals is not a mining operation and has no relation to your vast catalogue of OTC mining scam material.
REE's are not insignificant, they are very important as China is approaching a monopoly on REE production and supply in conjunction with African enterprise in this field. They are, however, are a very minor concern of this company. Like I said, SDRC's main involvement in REE is their smelt-less refining tech (Fully owned subsidiary Irish Metals).
One of the reasons mining REE's are unviable to USA, but not to China, is the environmental regulations and worker safety regulations. The metallurgical achievements of SDRC subsidiary Irish Metals will prove invaluable to any effort to mine REE's domestically and abroad due to zero liquid waste.
If you're not responding to anything anyone said, what are you responding to? Why did you mention REE's in the first place if they are so insignificant to this company's operations?
Rare Earths is not a core undertaking of this company, though some small quantities were found at Lucky Ben warranting further testing. What they do own is the smelt free refining processes (Subsidiary Irish Metals) that will offer the capability to mine these under domestic environmental standards. Whether or not SDRC has the mining claims to showcase this tech, it's still valuable and can still be contracted out to other companies who can use it.
Endless share selling? Not lately with half the ask side keeping its distance from the spread. Oh you mean those quarterly new issuances for of 2-year restricted for cash or services? I don't know what exactly those are for but we will see in the next quarterlies. I'd guess insiders are buying or an unannounced asset purchase perhaps? We will see. Perhaps you mean the recently unrestricted share block that was identified from 20+ years ago? This company is not in the practice of dumping on the float. In fact, I'm pretty sure all the board-members are stacked with shares from cash purchases to the company and have never unrestricted any share once.
That is exactly why SDRC has promise and why I think its an asymmetrical investment opportunity.
SDRC is developing technologies that can shake up this mining industry and bring it into modern times. Just a few things this company is legitimately involved in:
Mike Irish's smelt-less refining technology.
Phosphate Recovery / and remediation of waterways.
Battery and solar cell recycling tech.
Thermal fracturing technologies that can eliminate the need for explosives in stope mining....
as well as autonomous mining tech that will contribute to a safer work environment for miners...
Whether or not these can be put into service immediately, SDRC is in line for government grants for this VERY MUCH NEEDED tech given the geopolitical climate we are in. Not to mention, this company is ready to take hold of the investment trends consistent with a market-wide push into ESG and green technologies. There is a tidal-wave of private and public equity investment coming and about to throw unlimited amounts of cash towards projects like these and give them every chance they can get to reach full commercialization. In the mean time, SDRC will be revenue producing and self funded through gold sales... and now with gold carving out new all time highs, we have the added element of gold mining stocks coming into vogue again and the conviction of investors coming into microcaps looking for more risk.
This is not the time to take the other side of this trade.
New projects and exploration are in a sad state in this country. We haven't seen very many reach production in decades relative to the industrial revolution and pre-ww2, and its not because the stuff isn't in the ground. This industry needs to be shaken up before we are caught in a war with our pants down. New technology is bound to do it and a certain level of contempt for the machine that has kept mines worthless and closed is healthy.
It clearly hasn't been necessary to file SEC so far. They will begin filing when the expense to do so is justified - like when the sale of an asset is being negotiated or they are looking to take on institutional stakeholders. Business decisions are judgement calls and so far they have been focusing on getting as much as possible for as little as possible, despite establishment risk assessors and industry scrutinizers saying they're crazy. It seems silly to cut oneself off from them but this stock has been taken over by activist shareholders and a stakeholding management who aren't interested in becoming slaves to the machine that has killed roughly 4999 out of 5000 new projects before they have a chance to become a mine since the 1980s. In all likelyhood, this mine should have been kept boarded up, but that's not our problem. They are on the vein and entering production before the vein system is fully mapped. Buckle the f up. Make money first then spend it on derisking the asset.... like it was done in the old days when mining actually worked in USA.
Thanks for trying to educate us gitreal.
What if it's not a pump and dump?
What if there is no toxic debt and the dilution is done prudently in the interest of growth and continues to delay reaching the the float like it has? What if the company and management actually is incentivized towards shareholder value? What then? No rush in figuring it out. No positions, just here to talk...
So this new video is out.
Check to get an update on the preliminary test state of their milling operation, set to expand considerably:
Are there really none? Expect that to change.
You've actually made a good point, and it showcases the well ingrained sentiment that has plagued the OTC for decades until now. This is why I don't blame you guys. (If a mining company lists only on OTC, it must be a scam) has been the rule for decades with few exceptions. OTC has a shit reputation and its a self perpetuating machine creating only barriers for companies and investors alike. Investor credibility is put at stake to even try investing here.
Uplists to larger exchanges: All the OTC success stories I can think of have been taken on by institutional money first and that institutional money has always ever insisted on a dual list on a Canadian exchange (or another) before making the switch to NYSE or Nasdaq. Has a mining company on USOTC ever accomplished an uplist from pure USOTC to NYSE or Nasdaq, before it dual lists on a foreign exchange? I haven't found any to study but I will continue to dig into the past. To your credit, my most immediate examples like BHLL, AMLI, all those guys were or are dual lists at some point.
So why? If SDRC is a legit mining company, why is it resisting middle men and institutional money? Just because it can, or is there something larger at work? I'm pretty sure they will likely resist dual list as well. Let's say they could pull off continuing on this path to success, why would they? Why cut yourself off from established and liquid finance hubs for the mining industry? I didn't understand it myself until I asked people more connected to the board of SDRC than I. The players involved in SDRC seem to be interested in the nurturing the credibility of the USOTC itself for future generations, who's reputation continues to be marred like decades past. With recent stricter reporting requirements and SEC/FINRA crackdowns, the USOTC has a chance to begin reversing its reputation in order to produce legit success stories in each industry. SDRC as a mining company, seems to be at the center of this broader entrenched effort within the OTC. This is taking place as mining startups in US are becoming more necesitated by the green revolution, and precarious supply-chain bottle-necks with hostile regimes like China, make the barrier ridden state of the mining industry a very real and immediate problem. Maybe some day enough of these successful case studies will exist so that the stigmas and credibility issues with investing here won't apply. USOTC needs to grow in marketshare so it can play a role in reindustrializing the United States. The group of people who see opportunity in catching this trend early is growing and those investors who see merit in supporting legitimacy in the OTC, despite barriers, is growing too. I kinda dig it myself. Besides crowd funding, there just aren't mechanisms in place to get capital to the small companies that need it, and the mechanisms in place for investors to do proper due diligence on them. Investors need a place where the standards are ensured and a governing body can guarantee accurate information and reporting standards, and markets can be made honestly. The OTC should work to become this. So far, all we have are barriers, this is why I think it's mining companies like SDRC (and some others who are predominantly self funded) who will likely pioneer this new trend towards an OTC that can properly service investments in legit mining stocks.
SDRC is a relatively good investment in microcaps.
There is an extremely cyclical market for small up-and-coming mining stocks (even on OTC), and given a major generational breakout in gold may be afoot, I believe we are at its sweet spot to accumulate. Assuming that money will be entering this space, it is way too easy to list scores of examples of bad (so-called) mining investments in OTC and see the differences making SDRC so much more relatively solid. Sure they are unconventional, but a serious analysis of the decisions they have made over the past several years, and their demonstrated work-ethic yielding results, show that they are embracing their unique circumstances, and taking calculated risks, setting and meeting or exceeding their goals for growth and certainty each year. This is what you want to set yourself apart from the bunch, and ensure prominence as new money comes into smaller stocks looking for steeper risk to reward.
On the flip side, there seems to be a popular notion that its OK to claim that an early-stage mining investment is bad, with absolutely no frame of reference for what makes any early-stage mining investment good. Logical fallacy! This is an insult to the intelligence of the people you want taking you seriously and might actually try to entertain such points of view. It's obvious that just because a company is in OTC, it doesn't necessarily make it a scam company or a bad investment... and even if that tends to be a strong stereotype, the prospect of providing exceptions to that rule to the market is just too compelling an opportunity. Whether the "I only bash" clowns believe it or not, there ARE legit mining juniors on OTC, and against the grain, they are fighting to succeed, gain relevance, and de-risk their operations.
Time has told and time will tell, right?
It's speculation until its not.
Aside from the no debt, and company structure highly incentivized to shareholders, first revenues for an OTC have got to mean something. First salable gold product from what was an exploration stock not to long ago has got to mean something. A major break out to all time highs in gold price as a debut gold production revenue figure is made has got to mean something.
You speak of it like it's a job.
Fair enough. They should. And they will. Sooner than you think is my bet. Come a material event like an institutional stakeholder evaluating entry or the negotiation of a sale of an asset... Company will spend millions to please the scrutinizers saturating this industry and I highly doubt it will ever be enough please you however. I've never heard you speak highly of a stock ever.
What junior mining stocks do you find undervalued in this market gitreal? Any at all?
Even the details that are coming wont be enough for our friend here. Revenues logged, m&a deals, expansion, dollars per share later and he will still be reminiscing about how he called this a scam since it was 1-2 cents.
Wait give me time to write the pr haha
The first picture of gold concentrates was released today.
Watch someone here say it's fake, or its salted, or it was brought in from somewhere else, or it was photoshopped, or ai generated, not that much, not that impressive, not what they say it is, not what it looks like.
Whether any of it is put into service or not at the moment, this is a technologies company as well as a mining company. Significant investment will be dedicated to progressing these tech projects each year going forward.
In the case of Irish Metals, they are government grant funded, and are part of the Battele USEA National Lab's industry team alongside:
Advanced Magnet Lab, Inc. (AML)
All American Lithium
American Manganese
Arnold Magnetic Technologies
Big Blue Technologies (BBT)
BorgWarner
Eck Industries, Inc.
Electra Battery Materials Corp. (formerly First Cobalt)
Electron Energy Corporation (EEC)
Emrgy
First Solar
Lixivia
Irish Metals
Marshallton Research Laboratories
Mercury Marine
Momentum Technologies
OLI Systems, Inc.
Powdermet
REQYRD
Retriev Technologies
Rio Tinto
Seegence Holdings, Inc.
Shiloh Industries (purchased by Aludyne)
Spiers New Technologies
TdVib
Telex
Terves
U.S. Borax
Western Rare Earths
American Battery Metals Corporation
Aqua Metals, Inc.
Chateau Paris Estates
CleanLites Recycling
Critical Materials Corporation
Current Lighting Solutions
Elemental Earth Tech (formerly CHC Rare Earths)
Emerson Electric
Energy Exploration Technologies (EnergyX)
Energy Fuels Resources USA
Indium Corporation
MC Technologies
MP Materials
Ocean Minerals
P2PTechnologies Pajarito Powder
Phinix Phoenix Tailings
Piedmont Lithium Carolinas, Inc.
Pinzon Metals
ProChem, Inc. Sil-Chlor
Southern Company Services
South Star Battery Metals Corp
Ucore Rare Metals
Urbix Western Digital Resources
Wyonics.
https://usea.org/sites/default/files/event-/Battelle%20USEA%20National%20Lab%20Report%20Final%20Version_0.pdf
The expertise stacking the company board, along with the credibility by association with the above list, the storyline used to sell 2-year restricted shares, the revenues from gold production, will get SDRC's tech projects the funding to make them work.
I see this as a company who has embraced it's risk profile. SDRC is a novel techniques company despite a dedicated audience of OTC pariahs who necessarily dismiss novel techniques in mining as foolhardy...
Thad Marvin's proprietary mill design
Mike Irish's patented refining techniques and water remediation tech
Gary Mladjan's thermal fracturing technology and autonomous mining systems
I expect more to come funding permitted.
With year-end 2024 gold production revenues, + a dividend payout to replace the previous amortization expense to early investors in Lucky Ben project….
….that must mean the end is near for this hypothetical scam thought experiment you guys are forcing everyone to contemplate.
That is, unless, let’s say, Sidney Resources sells gold, logs revenues, and forces shorts to pay out a dividend on all those shares unaccounted for.... Will the Ihub-ghouls still be calling this a scam then, even after everything that's happened? I'd say yes (like it's their job). Let’s reconvene then to discuss who the thick headed ones are. in the mean time, keep shouting from the soapbox about this racket while the CEO run's numbers on social media.
Legit company, board is stacked, great things ahead.
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.
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.