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Your not the only one!
They "meaning Dan and crew" will determine/confirm with additional drilling and new updated assay's. Those numbers are based on historical records and should be a good approximation of what the
seam contains.
Troy ounces and grams are commonly used to measure precious metals.
I gather either one is acceptable. Probably depends on the deposit.
Sidney Resources Corporation June 2018 Project Update ReleasedPress Release | 06/20/2018
Sidney Resources Corporation has posted a project update on OTC Markets. The update is also available for viewing on the company website at www.sidneyresourcescorporation.com under the news tab.
https://backend.otcmarkets.com/otcapi/company/financial-report/196176/content
Great discussion on silver pricing/production: {see attachment}
http://seekingalpha.com/article/3872386-top-silver-mining-ceo-laugh-see-100-plus-silver?li_source=LI&li_medium=liftigniter-widget
Great discussion on silver production:
http://seekingalpha.com/article/3872386-top-silver-mining-ceo-laugh-see-100-plus-silver?li_source=LI&li_medium=liftigniter-widget
FYI: Gold Bugs, Elliott Wave market analysis.
http://www.marketwatch.com/story/the-next-great-bull-market-gold-25000-2015-06-04?link=MW_popular
Hey PopePaul Good news if we can live long enough!
http://www.marketwatch.com/story/in-20-years-the-world-may-run-out-of-minable-gold-2015-03-30?dist=lcountdown
New Proposal... Go to Investor Packet at the SDRC Web Site.
What do you all think about crowd funding on Indiegogo.com?
I believe they are working on one last extension to the end of the year.
Haven't a clue. Sent an Email to Dan, no response.
Not looking good folks.
Letter to Shareholders
Sidney Resources Corporation
February 20, 2014
Dear Shareholders,
Hello my name is Gregg Lindner and I am the new President/CEO of Sidney Resources and have been a shareholder for the past 10 years. The intent of this letter is to inform you of the transformations that have and are taking place and to outline what we believe are the best options to move the Corporation forward. As some of you may be aware of, Mr. Brown had major medical issues and was not able to perform his duties as President and Chairman of the Board for approximately 2 years prior to his passing. Our counsel at the time appointed an interim President under the emergency rules of a
Corporation in Idaho and in June of 2013 he created a new Board of Directors and officers which consists of Dan Hally as Vice President and me. We are excited about the opportunities and have been working diligently for the past 9 months to bring the corporation current with OTC Markets, Government entities,
vendor’s and working with our lessor, trying to understand why and what we owe. We have hired new Counsel, are investigating and consolidating the minor assets and records of the Company, which we have been finding in various storage rental units in Idaho.The company did not have a checking account or any money to function when we entered into our positions, so we did release a small amount of additional stock shares to raise the essential capital to function.We entered into a Memorandum of Understanding with our Lessor, Leland Minerals, which will be available for viewing on the website shareholder page. We have extended our window of opportunity, but the Leland’s have made it clear that this is our
last opportunity to show good faith and initiate the mining operations. Additionally I have attached a proposed budget that will allow us to create the necessary infrastructure,mining operation and submission of the N1-43101 in the calendar year 2014. The N1-43101 will legitimize us as a proven mining operation, which investors and lending institutions look at as a necessary security for our future.The actual operation for this year will consist of finishing the roads and infrastructure along with processing all of the tailings that have been left on site from the previous mining operations. We believe that this is the best way to establish ourselves with a favorable return based on the assay reports and the historical data. Based on the above we have narrowed the options of funding to the following;
1 Create Joint Venture with the appropriate contractors and investment groups which would include a premium return for the investors including issuing shares
of stock.
2 Raise private equity to fund with similar high returns to investors and stock.
3 Raise the money from the 1680 plus shareholders at a minimum fee of $500 per certificate holder.
PO Box 817 Lewiston, ID 83509 ? www.sidneyresourcescorporation.com ? Phone: 414.379.7210
E-mail: Info@sidneyresourcescorporation.com
We have been pursuing option 1 and 2 but believe at this time the best option is Number 3 because it keeps the opportunity for the highest return to go to those who have already invested without the dilution of stock.
We need all shareholders to go to the following web site,www.sidneyresourcescorporation.com, click on the Shareholder tab and enter the password SDRC when asked, fill out all the required information and answer a few questions. There will be an option for you to let us know if you are willing to fund your
operation for an additional fee of $500 or more to secure the future of everyone’s investment. Once we have a favorable response and monies are collected we would create a trust account and have the funds independently managed for the purposes outlined in the mining budget. Your investment would be shown on the balance sheet as owed to shareholders with the intention of the following return; in addition to your investment we would share 10% of Sidney’s portion of the net proceeds and reimburse your portion with stock, discounted 20% below the futures current market, within 2 years
after the completion of the tailings processing. After filling out the survey we will reach out to everyone involved with the appropriate paperwork. Any references with regards to
mining, budget or returns refer to the 2014 operation only.
Time is of the essence as we need to have money raised and contracts in place in order to have contractors hired and equipment on site when the snow melts. It has been a long road to get to where we are today and it is time for all of us to move this forward
and start reaping the rewards of our time and investment. Updates will continue to be released to all through the OTC markets website, www.otcmarkets.com along with your Sidney Resources site. We are planning on a shareholders meeting in Q2 or Q3 of 2014,
so everyone that is interested can see more detail of our progress. Please notify any shareholder that you may know of this letter as we are using the information provided us by OTC markets. Your current leadership is committed to working Sidney to its full
potential and your time, continued interest and consideration are all greatly appreciated.
Sincerely,
___________________________________
Gregg R Lindner
President & CEO
Sidney Resources Corporation
PO Box 817 Lewiston, ID 83509 ? www.sidneyresourcescorporation.com ? Phone: 414.379.7210
E-mail: Info@sidneyresourcescorporation.com
SIDNEY RESOURCES CORPORATION
LUCKY BEN MINE FY2014 PROPOSED BUDGET
ITEM COST
Survey Work $3000.00
Security Enhancements $10,000.00
Lease $75,000.00
Recovery and Processing of historical ore dumps $300,000.00
Refinery Costs $21,000.00
Road Improvements/Construction $100,000.00
Permits $20,000.00
Miscellaneous Overrun Contingency $50,000.00
Travel Expense for Mine Operations $5,000.00
N1-43101 Geological Report $23,000.00
Total Expenses: $637,000.00
Web site http://sidneyresourcescorporation.com
go under Shareholder Password SDRC
Go under Shareholder on website
Password SDRC
Shareholders please fill out survey on SDRC website under shareholder..http://sidneyresourcescorporation.com/shareholder.html
Letter coming out soon to stockholders/investors from Gregg Lindner.
Good Information
http://www.otcmarkets.com/financialReportViewer?symbol=SDRC&id=115625
Look at Note 10 Subsequent Events
Page 12 of 12
page #10 on report
the last paragraph
http://www.otcmarkets.com/financialReportViewer?symbol=SDRC&id=115625
Look at Note 10 Subsequent Events
Page 12 of 12
page #10 on report last paragraph
Pegasus should sell this company, all they do is throw
money at LSCG. No Net profit in how many years.
There should be a shareholder revolt..but I'm sure Pegasus
has the controlling number outstanding shares..
Should have sold when it was near 5 per share...
Tick-Tock Tick-Tock Days are getting shorter!
Might be a possible Pump and then Dump strategy
Check out the trades.
Damn quiet around here, Hope silence is "Golden".
I bought a bunch too about 5 weeks ago. My timing sucks with investments.
I'm also in the Million share club. Yet at a higher price level than this. Let's keep our fingers crossed. I don't like the direction of Silver and Gold $. Hedge Funds are now shorting the market.
Keep the Faith.
Let's hope so. I need to make up some ground.
I don't get it look @ Trades today Sell, Sell, Sell, Price goes up
if someone is selling there must be a buy unless its the market maker?
http://ih.advfn.com/p.php?pid=trades&symbol=NO^SDRC
Perhaps, if things get going, and this long shot becomes somewhat of a success story. I believe SDRC's long bumpy road to mining, would make a great news story. If we were able to tie SDRC's story into Max & Stacey's on going crusade for their S.L.A. {Silver Liberation Army} movement. This approach would probably be the only way that they'd consider it.
With all that paper money out there "ETF's & QE" etc. JP Morgan
and the central banks fixing prices it might take some time for
gold and silver to reach it's full potential. I like to watch
the Keiser Report on RT. go to http://rt.com/shows/ it's very
entertaining at least. I went to NYC, met Stacey and Max and
I have helped contribute to their broadcast upon occasion.
Go SDRC!!
I guess the question now is, can a start-up mine be profitable
at these price levels? Gold off 40+ today. I sure hope so....
Sounds promising...Great Work getting this project moving forward.
Thanks Again!
Update?
Vast improvement!! on the Web Sight. Could we have
a section for future "Up Dates" possibly? Just a thought.
Thanks again for the work on the site. Greatly Appreciated
Sincerely Wedley55
Not much to write home about...
No mention of continued progress.
Not looking good folks.
No other correspondence that anyone has?
Sorry for my ignorance
what is an APS
Mentioning Hope and change... anybody heard ...spoke to
SDRC about this years mining probabilities.... any news?
Pope What island did you have in mind? I'll
meet you there...lol Wesley