I fully expect SDRC to revisit drill cores, basically all exploration work, everything they have ever done in order to exhaust this PGM and REE business. They will do this before disclosure of assays. They will do whatever it takes to secure as much of that MVP position as they can in the Warren district before showing all the cards in their hand, if ever. One of the things that means is securing the appropriate mineral rights before competitors will wise up to SDRC and rise up to interfere.
The last time SDRC released lab assay reports, at first, it was only in part: a chart showing extrapolations. The whole point of which was probably precisely BECAUSE nobody would give two shits about it except their retail investor audience. It was in October 2023 immediately after the discovery of the historical (both lode and placer) stockpiles... those same that were moved to their mill site and that they are working to separate and concentrate now. The news of that discovery, was released ONLY AFTER the claims were staked and mineral rights were proven to be secured under their company. 8 months later, we got a screenshot of the Certificate of Analysis from Florin Analytical Labs dated 8 months prior.
It stands to reason that the ore that showed remarkable likeness to meteorite material (8% iridium, and whatnot) needs to be studied in the dire interest of exhausting what could be a geological breakthrough for the district. This knowledge would strike at the foundation of 150 years of assumptions and information collected about these claims. We have every indication the effort to understand this district has been, underfunded, overlooked, and otherwise neglected for at least 100 of those 150 years.
It's clear that SDRC wants to expand in the Warren district. They believe they know things that their competitors don’t. They are now calling the Lucky Ben Vein/Drift the "Little Giant vein," sharing the name of a portal under a mile directly east of their properties in the Warren District. They attempted to buy property from Unity Gold Mines in 2022 as we have seen... that same property Unity are in agreement with Endomines for sale. Any time now, the deal between Unity and Endomines can fall apart and SDRC will surely swoop in.
I am beginning to believe there is an ongoing effort currently to grow their land footprint substantially before SDRC shows their cards. This, merely an educated theory, does a great deal to help explain the process of discernment of how and what they are disclosing at this or any given time. Precariously, they are a public company who's pride is in a great deal derived from their dedication to transparency, and despite that, have grand plans to expand and capitalize upon their valuable knowledge of this district. Their investor base is used to a high level of engagement and so, as any public company must, release what only what is necessary to keep engagement alive and investors happy as those plans are pursued amid such high expectations and anticipation of revenues this year. Something big is afoot, and just like everything else committed to legitimacy in this tough sector, is a multi-year effort to develop. Who knows if we will see the product of it in 8 months or even 16 months... but along the way we will surely see the products of some things, enough to reinforce our cult-like faith in the fact that the machine is working as it always has (and better than ever.)
Bullish
AI
