Mr. Gitreal......ask SDRC management why we are talking about Platinum Group Metals, not me. The fuck do I know, but they are. What's clear from their communications is that they have chosen to build upon the apparent value of the gold they know they have by exhausting the rest of the noble metals present in the concentrates. Since they are not committing to refining at this stage, and seem sure the values of any PGM's or other valuable metals present will be honored by their buyers, its at little cost to them besides time.
I, more than anybody have taken the whole proposition (of PGM's) with a grain of salt and am fully aware of how premature such assumptions are. I await confirmation or dis-confirmation of any of these via the certificates of analysis along with everyone else paying attention. I too am painfully aware of how rare primary and even secondary PGM production is in USA, let alone Idaho, although to their credit, the famous Bushveld Complex is not that far away in Montana. Its arguable that the rarity alone justifies exhaustion of its presence in their ore, as any domestic PGM production will be valuable given its market dominated by problematic Russia and South Africa. Aside its for rareness as an economic resource, the costs to separate and refine are complicated and prohibitive especially under time constraints such as the deadline to q4, but nevertheless, SDRC has surely weighed such pros and cons in their decision to investigate. I look forward to it being put to bed either way. SDRC is developing a process they can commit to over the long term and so they are exhausting these things now, before significant investment is made in a facility. That’s it. There's one thing they know for certain tho, they got gold, and a lot of it.
My earlier calculations are hypothetical as to help infer the value of the stockpile if the tertiary material they are concentrating is found to be comparable in value to gold. We all know this is pending steep due diligence on their part, and because it is, it is probably pointless to you.
Besides what the company has said about XRF readings, and lab analyses that have yet to be made conclusive, the fuck do I know man. You're acting as if I'm am the source of this information. I'm merely a shareholder who gets his information like everybody else. I pay attention merely because of my vested interest in this stock. It's clear you assume I'm some member of management, or an IR guy, which is absurd.
I said all I have said at the expense of spoon-feeding you research you should be doing yourself. Go ahead and read the history of @seanraezalewski's tweets on twitter. Look at the company's Youtube channel specifically a video labeled "Gold & PGMs under the Microscope!" You will learn quickly that the level of certainty about PGM's at this stage is not high and nobody has any shame or much else to lose in trying to exhaust measuring it. Promoting it as a sure thing surely is borderline irresponsible fiduciarily speaking, but it’s a weak argument at best to assume that's what they're doing. Investors, however, seem to enjoy the disclosure of what the company is thinking at this stage however conjectural their hypotheses are - especially if we are already explicitly told the degree to which such is based on inference and conjecture. There's no shame in this kind of transparency.
AI
