Knott / New Era vein found to have shifted 100 feet to the left several decades after where it was documented during mining days. This has been theorized by Reed in 1937 to have been caused by an underlying fault. The possibility that an economic deposit of PGM's could be discovered here after all these years of study remains remote.... but a fault would be in character with some form of unique geology described, and would support the creation of layered intrusions associated with PGM's (like at Stillwater and Bushveld,) if not on a much smaller scale. We must not discount the fact that there are no PGM mines in the united states, even those with the most famous and proven deposits, that are able to be mined profitably at this time while prices are in a slump. SDRC's marketed AISC is purely anecdotal and not measured by any reputable industry standard. There is no tangible advantage over Sibanye Stillwater in SDRC's ability to mine PGM's.
The unanswered questions concerning SDRC's mining operation are mounting at a much faster rate than then the answered ones. Even if revenues are logged this year, or deferred to the next, there is little chance that it will demonstrate long term value to the resource in any way. Drilling was outspokenly abandoned during the last shareholders' meeting and previous PR, because it allegedly can't measure the narrow vein structures accurately, so the scope of the resources remain uncertain, and establishment of a reserve impossible. There is strikingly little geological basis provided (Besides an absurd meteorite thesis, only serving to rule out the only known economical comparables) to explain an economical PGM occurrence worth committing to. If we can reject the meteorite thesis, I would be curious if its a Pd dominant deposit or Pt dominant, which would greatly narrow the comparables among known mines, but even the XRF's so far are all but indicating it is a magical Rh dominant PGM occurance. Instead of a patient onset of clues like anyone would expect, all we have been getting is a progressive overload of crazy stuff acting like white noise. These include additional discoveries via photos of XRF readouts with no other official language for instance, also a general lack of transparency due to what was indicated by CEO on twitter to be land purchases - of additional previously deemed depleted/no longer feasible mine workings.
Investors wishing to cultivate suitable context and comparables within this industry (and I don't mean the baseless Lundin Mining nonsense the social media marketers mentioned recently), or simply anyone wishing to make up their own mind (like about what is worth delaying the onset of revenues from their gold milling operation) have been left in the dust. SDRC has demonstrated goals of owning this Warren district at any cost to be bore by shareholders, regardless of the economics, but is behind in coming up with avenues to heighten expectations beyond the euphoria already achieved. Some investors are leaving, met with ridicule, some are apologized for, such as the recently restricted, now unrestricted hitting the tape. NDA's, smoke and mirrors, quoting stooges, curated data points.... nobody knows what's real anymore. The Laser hype was fun but that's since dead in the water as they sort out the daunting problems with their prototype proprietary aiming mechanism burning the expensive lenses and mirrors purchased from "partner" Raytheon. It is unclear if or how any of the additions to the company board have contributed. I am assuming until indicated otherwise that SDRC will indefinitely wish to take advantage of the underwhelming reporting standards of the OTC Pink Sheets without succumbing to an SEC audit which will force some of their large shareholders to become SEC reporting by proxy.
AI
