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Monday, August 21, 2023 1:09:03 PM
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?
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