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Sidney Resources Corp (PK)

Sidney Resources Corp (PK) (SDRC)

0.3575
0.0101
( 2.91% )
Updated: 12:14:52

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SDRC Discussion

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mr34 mr34 6 minutes ago
When do you expect Revenue ? The narrative is 2026 now
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gitreal gitreal 53 minutes ago
paid short manipulation.

Baloney. Nobody's shorting SDRC.

Engaging in idiotic conspiracies about Shorty, corrupt MM's, air shares, etc. is not "Real DD".
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dave gruel dave gruel 3 hours ago
i find twitter is the opposite-- nonstop pumpers with charts that only point green and promises of $4 stock and dividends. should be some balance, but on twitter it's the same group (most with substantial positions) retweeting each other in an echo chamber. this was the first place i found any degree of scientific/reasoned analysis. never hurts to have more info. i like to see all sources and like i've said before, am rooting for SDRC but not yet ready to throw my life savings at it :)

for a case report-- try Amani Gold $BRYYF you'll see the same actors

curious though-- who would pay to short manipulate this stock? bold accusation, just interested how you think this works. some large institution paying off people on ihub to post logical rebuttals to the bull thesis so they can bring the stock down? unless i'm missing something i don't even think you can short option this thing, can you?
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TheRealest1 TheRealest1 3 hours ago
If you are actually looking for real DD on SDRC or any other stock then this is the wrong place. IHub has become a toxic environment for petty grudges and paid short manipulation.

A few more reliable options are otcmarkets.com, discord and search twitter with the $ in front of the ticker (e.g. $sdrc). Follow their official account.
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dave gruel dave gruel 1 day ago
soon
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mr34 mr34 1 day ago
Yep , so when Revenue? Thatโ€™s all that matters
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dave gruel dave gruel 1 day ago
"Construction on the new milling and processing facility is set to begin in Q2 2025, with completion anticipated in Late 2025. Updates on the project's progress will be shared regularly as Sidney Resources continues to build momentum toward achieving its expansion goals."

goalposts officially moved to late 2025. "soon." where's my divvy i was promised? lol
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dave gruel dave gruel 1 day ago
ready either way-- excited for the divvy announcement and actual profit projections and DETAILS beyond buying more land no one else could figure out or capital expenditures on equipment with no income. resist the FOMO and if it falls flat, reload in the 20's for the next pump. figure right now flip a coin.
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Hawkeye_tt Hawkeye_tt 2 days ago
Buckle up. The fun is about to begin.......

Hawk
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silverlion silverlion 3 days ago
Great week ahead!
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gitreal gitreal 6 days ago
Those ears are unmistakable.
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surrealistrader surrealistrader 6 days ago
Good point. Sidney may have hired a Ferengi metallurgist after mike irish.

Can't imagine it being any less expensive.

🤣
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gitreal gitreal 6 days ago
Mithril....LOL, another result of that meteor strike?

How about gold-pressed latinum? That definitely has an extraterrestrial origin!
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silverlion silverlion 6 days ago
LOL -- fasten your seat belt.
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dave gruel dave gruel 6 days ago
maybe they will send out packets of cons for shareholders to smelt, float, or perform other feats of alchemy to extract gold, silver, PGMs and mithril.
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gitreal gitreal 6 days ago
Dividend? Why would a company that has never shown any profit, has no revenue, and has no reserves......issue dividends?

Or was that a joke?
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silverlion silverlion 6 days ago
Wonder how the share price will react when dividend is announced?
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dave gruel dave gruel 6 days ago
ha, just realized question was who is SDRC purchasing and not who is purchasing SDRC shares. currently no but will be when we get a pullback and some of the previous high bagholders exit.

i thought this was some big announcement for offtakes or revenue generation-- it's just SDRC acquiring someone else's speculative risk? that's . . . not as exciting. looks like SDRC has been eyeballing this for a while: https://unitygoldsilvermines.com/2023/05/update-may-11-2023/
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surrealistrader surrealistrader 6 days ago
The impending deal is with Endomines and Unity Gold Mines. Sidney is looking to expand their portfolio of mineral rights in the Warren region (most importantly, the rest of the Little Giant vein structure), and such deal may also include other Idaho assets Endomines has expressed interest in divesting from.
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silverlion silverlion 7 days ago
Check out $SDRC posts on X
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dave gruel dave gruel 1 week ago
no sense in chasing it-- when more details emerge from the deal and reality sets in there will be some profit taking and sellers. my buy zone is low to mid .20s, but if you take any of the pie in the sky projections there's plenty of time to get in before it reaches $4 - or just set aside some play money and DCA in. just don't FOMO your life savings #PGM #REE #diamonds #mithril
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Yachts Yachts 1 week ago
New here. Who is SDRC purchasing?
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surrealistrader surrealistrader 1 week ago
What were the terms of the transaction? Stock and Royalties? Cash?
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silverlion silverlion 2 weeks ago
It seems to be a two step process. The executed contract signed by seller is the final step... "Barbecue sauce"
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silverlion silverlion 2 weeks ago
Purchase agreement has been signed by both parties.
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dave gruel dave gruel 2 weeks ago
i don't think it's a scam per se. and in the history of pump/dumps what CEO has ever said "damn guys, yeah, you got me this is indeed a scam." lol the only answer he can give is what he gave :)

you hit the nail on the head with the comment they're all in at fractions of a cent, so they're insulated from the random ups/downs. Mr Scherrer has around 1M shares, 625k @ $0.04 and 436k (roughly) @ .229. napkin math is a cost basis of his shares of what? $.12? glad he has skin in the game, but his tolerance for risk is going to be a lot higher than those buying right now at .30.

Sean Rae is STILL hashtagging PGMs and REEs. either balls of steel and confident or maintaining the illusion.

i saw the $21 share price calculation as well, which reassures me there will be PLENTY of time to jump in if needed. not sure where the data is to support the claims of "they figured out the metallurgy" but that's the twitter pumpers for you lol
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silverlion silverlion 2 weeks ago
Another huuuge day in the making!
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surrealistrader surrealistrader 2 weeks ago
Thursday, February 16, 2023 5:50:12 PM - Investorshub.com SDRC Message Board:

"Good evening Everyone, I am the CEO of Sidney Resources Corporation. I took the leadership role over the summer and have moving the company towards an incredible path. There near term items that I cannot share with the group because they are material. I assure you there is no scam at play. We are in the process of acquisitions and expanding the company and the scope of the company. Feel free to reach out to me at sean@sdrccorp.com directly. Of course, I am disappointed with the trades that occured 17 second before close in an obvious attacking sell off today. However, I am excited for whomever bought those shares as there is much to celebrate and I look forward to our upcoming press releases that may help ease any bearish thoughts on the position of the company.

Respectfully,
Sean-Rae Zalewski
CEO - Sidney Resources Corporation"

Source Cited: https://investorshub .com/boards/read_msg.aspx?message_id=171231733
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silverlion silverlion 2 weeks ago
Big day for $SDRC
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surrealistrader surrealistrader 2 weeks ago
As long as the underground resource remains committedly un-explored and un-proven, whatever can be said that is "Special" about the subject of SDRC remains chiefly a psychological and anthropological phenomenon. Current investor interest is supported by the CEO's background; having his degree in Psychology, minor in Social Psychology, with an emphasis on Communication.

The pursuit of CIRISCO's definition of mineral reserves, an otherwise acceptable and proper way to develop a mineral deposit as a public mining company, would veer this business away from his wheelhouse, diminishing the relevance of his leadership over time.

It was Don Durrett who maintains in his notes about SDRC on his website: "Inexperienced Board. Need to hire a Chairman and a new CEO." The guy doesn't usually look into US-based OTC stocks, because of the low reporting standards and high risk of fraud, so he may not know that things that may be considered important elsewhere (like leadership's mining expertise) may not matter here in OTC. 🙄

https://www.goldstockdata .com/company/1427-Sidney-Resources-Corp.html

https://x.com /DonDurrett/status/1799946702801268843
Really, you think pink-listed stocks are fine? Most investors don't trust them (I don't). They should know that. What's so difficult about submitting their financials to the SEC?

We're not talking about getting listed on the NYSE. We're talking about OTCQB.

I've had my website for 12 years. They are the only US-based gold miner with a market cap over $20M that only trades in the pinks.

It's also rare for companies of their size not to have a company presentation on their website.

My takeaway: they are not shareholder-friendly and don't care about retail investors.
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surrealistrader surrealistrader 2 weeks ago
Had to check what Sean's degree was.

It's not marketing nor mining. Sean received a degree in Psychology, minor in Social Psychology, with emphasis on Communication from Concordia University-Wisconsin.
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mr34 mr34 2 weeks ago
Donโ€™t worry it will be forgotten about just like the long list of everything else that was pumped and misguided, I am still waiting on the partnership with RTX LOL.
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dave gruel dave gruel 2 weeks ago
The PGEs' supposed extra-terrestrial origin is the hypothesis. The favorable economics thereof are what is dangerously being treated as a certainty by this company.

say it louder for the people in the back, lol. i would have had no issue with "hey, we found some PGMs, this is intellectually interesting and we're looking into how much and where they came from." twisting it into a revenue source is a bridge too far, is disingenuous and irresponsible when dealing with the uneducated masses. the CEO himself hashtagging #PGM #platinum #REE is eyebrow raising. guess that's what happens when your CEO of a mining company has a marketing degree and no mining background
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surrealistrader surrealistrader 2 weeks ago
The PGEs' supposed extra-terrestrial origin is the hypothesis. The favorable economics thereof are what is dangerously being treated as a certainty by this company.

In reality, both are going to need a lot more time, study, and tribulation to exhaust certainty. Hasty promotion at such a stage is not the right move and it may become clear eventually that they probably shouldn't have pumped their findings on social media or encouraged their audience run with it as they have. They should make it clear to investors about how uncertain the path is ahead of them and stop over-inflating expectations. Real-world exploration needs to take place: thorough and reputable sampling campaign and drilling. Feasibility studies will be crucial to understand life-of-mine economics and investment worthiness. There is still a large chance that the construction of a PGM processing plant will be found to be a mal-investment. Contrary to purported belief, revenues in itself will not inspire the level of confidence needed to weather the scrutiny of broader markets. Reserves, reputably proven economically feasible to mine, are what will inform the life of the resource, and because SDRC has neglected to prove mineral reserves in any acceptable way, investors cannot evaluate their investment over the long term. This is not important in OTC evidently, but it's definitely important everywhere else. Add a hypothetical meteorite-bearing PGM deposit to the mix, and it will begin to stink.

I say revenues aren't enough because "high-grading" is a well known concept in this industry and analysts look out for it. SDRC exhibits a high risk of high-grading through their resource, learning as they go, making profitability volatile or unpredictable over longer time frames. The temptation to over-rely on historical and proprietary data is another risk that analysts take seriously, their proclivity for shamelessly curating analytical results from larger data sets is another, unplanned metallurgical challenges in the onset of production deadlines is another, no demonstration of feasibility before construction of a mine or facility is another, no relevant registered or otherwise accredited expertise or true independent third parties writing the much needed technical reporting is definitely another, and the list of loud colored flags goes on. We need to be clear about the list of things that we risk-tolerant crazy people in OTC take for granted but are very seriously considered everywhere else. "Too expensive" is a cop out when your people are projecting millions to billions on deck, especially seeing all else less prudent they have moved forward with.

Concerning the big PGM question, unscientifically, the company has ruled out terrestrial origin, which in turn has ruled out all known PGM producing comparables, bringing the overall level of certainty down across their projects sharing the same metallurgical pipeline. This is especially so if the company has indeed moved forward in pursuit of them as an economic endeavor. Until indicated otherwise, we must assume that the occurrence hasn't been substantiated because the relevant analytical data remains non-public. However, on behalf of shareholders, SDRC is boldly investing in new land parcels, new equipment, designing new processing pipelines, a facility, (more?) and has risked polarizing the brand over it, alienating investors outside their already established and credulous following. This poses yet more red flags that need to be fixed as SDRC awaits the scrutiny of broader markets.

What we did learn in the mean time is that the current bulls, many still sitting pretty from having invested in pennies and double-.00's, will mobilize to pump anything thrown at them, officially and unofficially. They believe in SDRC's success because the change in stock price has treated them well so far. Based on the latest tease on Twitter, you would assume it unobjectionable to say that any producing gold miner not trading at a 4x premium to yearly cash flow (as with Newmont's) is undervalued. I mean, what shameless absurdity is this....? All it amounts to is a damning display of a lack of understanding in what the modifying factors are that contribute to the investor confidence Newmont enjoys as the largest publicly traded gold miner on US exchanges. What confidence can SDRC inspire in the broader markets by confusing simple fundamental analysis, and continuing to drive in the dark with no headlights as they hit every bump high-grading through their resource? What kind of scope, reputation, and risk appetite does SDRC exhibit that can even share the same train of thought as Newmont?

The promotion of PGM's, not to mention their meteorite origin, will continue to cause more harm than good until some serious reporting is released. Obviously we will re-evaluate these issues as the company releases crucial data, and perhaps if all goes well in near term, begins their tenure as a profitable company. Let's hope the correct kind of reporting gets released because I'm sick of pointing out how much damage they're doing and red flags they're flying by not. Bulls are clearly going nuts right now but it remains unreflected by volume and price action.
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dave gruel dave gruel 2 weeks ago
figure alien meteor unobtainium will go the same way as the laser, will just disappear. i think it's funny that suddenly it's "no one ever said the PGM's were substantial it's just a hypothesis" when the usual suspects were literally quoting PGM values (complete with hashtags) pumping the stock. the goalposts will continue to be moved (maybe sidways not just back lol) and there may be a few crumbs tossed out here and there but nothing of substance is going to happen. winter will buy them another 6 months, then the "soon" mantra will continue,

hoping this pending agreement disclosure will cause a bump, 'cause i need to liquidate a little to move to weedstocks :)
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surrealistrader surrealistrader 2 weeks ago
Who's basing Sidney's supposed future valuation off Newmont's? or Lundin Mining's?

The people doing this are shameless.

Who just made a statement saying SDRC's laser tech was in a state fit to pitch for service on Mars?

Also, ask any outspoken enthusiast of OTC stocks to give you a list of legit and successful OTC stocks. Then ask them to give you a list of OTC stocks they made money on. I guarantee the latter list will be vastly longer.
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SMResources SMResources 2 weeks ago
"The name of the game here is to stoke expectations and it's perfectly acceptable in this space to inflate expectations to the moon only for exaggerated inference to inevitably be revised down when proven."

that's a lie and you know it. we are done here. Not worth my time
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surrealistrader surrealistrader 2 weeks ago
There was no reference specifically to the Lucky Ben shutting down in 1934 or because of the act.

Right. I asked before, what are the other mines in the region that ceased production 1934 or later? I guess I'll have to dig in myself.

Nobody is bending the truth from their side.

I was specifically referring to historical interviews and anecdotal evidence made to benefit the person saying it, the Czizcks, and by virtue of this, the people who currently own it and otherwise those standing to benefit from the Czizcks' appraisal now.

You want to call me out on my research on the grounds of conflict?

I did not intend to, but if you insist, I do believe you are listed as a services provider for this company and were awarded shares. You have a vested interest in your stock doing well and have a working relationship with them that is worth something to you. You're biased just like everyone else.

...and help genuine people understand what they are invested in.

Thanks for that. It's hard to figure out sometimes without thought leaders on unofficial channels feeding info to us.

Nobody likes being called a liar and yet that's exactly what you are trying to do is call these people liars.

Is this the first OTC Markets stock or grassroots mining stock you have ever invested in? The name of the game here is to stoke expectations and it's perfectly acceptable in this space to inflate expectations to the moon only for exaggerated inference to inevitably be revised down when proven. Buy the rumor, sell the news. 99.99% of the people who look at such a thing ask themselves "Can I make money on this?" They suppose a yes or no and move on. The people who suppose yes are probably looking at the anthropological phenomenon above all else in their decision - the promotional machine built to support this stock's marketcap. A prominent bullish trader of SDRC stock has said recently: "Some people would rather be right than make money." exhibiting all information expressed is to support a motive to make money, and not truth per se.

Anything special about the mining side is counterbalanced by persisting uncertainties: Low standards for reporting and over-reliance on private/proprietary data whether historical or recent. The company has embraced a policy of non-transparency and non-reputable reporting. This acts as a deterrent to anybody worth their salt in mining analysis even being able to look at this company. The risk to reward, when analyzed honestly, sans the bad math and hubris of the volunteer pump campaign, is entirely unclear, but what is clear is that the company has apologetically embraced it. "Drilling can't find the gold here." I am overwhelmed by the sheer list of bent truths in the history of this company and the people promoting it.

Regarding the meteor, they are reporting a "hypothesis" that the samples they have taken and sent on for further analysis is what looks like evidence of a meteor impact. They even reference this as a potential secondary impact from the time of the beaverhead impact. SDRC reports elemental iron, chromium and nickel.

We are still waiting for reliable and reputable data on this. Its a hypothesis, and if we were to run with it, it does not indicate an economically feasible mine. All proven feasible PGM mines are from terrestrial origin, magmatic, maphic, and whatnot. Ruling out terrestrial origin at such an early stage in the discovery is a bad sign from an economic certainty perspective and should not be done in my opinion. That is, unless, it is not real, then why wouldn't they want to deter any kind of comparative study that they can, which is exactly what SDRC has done by pre-emptively claiming it is of extraterrestiral origin. There are no mines in existence Historical or current that crush meteorites for PGM content as an economic endeavor.

"successfully precipitated four out of the eight targeted precious metals"
That's a report on the labs growing capability. Its not specific to what they are processing out of the Lucky Ben. I miss read that. Yes there are only eight precious metals so they are working on perfecting their lab work for all of them and are up to four now. That doesn't mean they are mining all eight of them or even four of them. It is just a report on the lab capability. What we know for sure is they are mining Gold and Silver so that is two.

SDRC is planning a processing facility with the plan to mine and process ore over the mines' life. Why build something so ambitious just to process some stockpiles found in the woods? The economics of the deposit for any given mineral you are building out processing for needs to be exhausted before investing in a mining facility for the long term. Anything otherwise passes great risk onto investors. I'm not saying its the most risky way to go forward, i'm just saying its enough of a deliberate feign of industry standards that it would only appeal to a small group of very risk-tolerant people and not much of anyone that has real experience analyzing this stuff. I understand Don Durrett was one example contrary to what I am saying, and I wish he would speak more on his diligence. Even he admitted how steep the risk to reward SDRC represents as an investment, despite beginning a small investment himself.

The miners were mining gold and silver. Why is there no real documentation? Again, REE's had no value until the 1990's. who is gonna mine REE in the late 19th and early half of the 20 century? For what purpose? why would historical miners care what amounts of REE there are? What I was describing to you in story on Granite creek is an example of how other metals besides gold and silver were overlooked in early times simply because there was no value in them..

That's all fair. We have not received anything beyond LIBS data for Rare Earth Elements from these claims or piles. Lets revisit REE's when their presence is substantiated and they indicate a persistent and reproducible quantity beyond just average crustal abundance levels. If we were just measuring for occurances, I would say most people in most geological regions could find a list of REE's present. REE's are fairly common, but again, an occurrence does not necessarily indicate an economic deposit that could support a mine. As for PGM's, it looks to me these, besides gold and silver, are what the company is focusing on, and these were certainly valuable and promoted in the early 20th century. There were false positives in the region in prospecting data during times the commodity was in vogue, indicating stock promotion. Yes it happened then just as much as it happens now.

If you are looking for info on REE's in this AREA read this. It is fairly explicit as to the mineral inventory of the beaverhead impact and the source of the REE's

I'm not actively researching REE's. SDRC needs to provide more substantial data so industry comparables could be narrowed down.
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SMResources SMResources 2 weeks ago
You ask why are SDRC's spokespeople currently saying that the mine ceased production because of the 1934 Gold Reserve Act? They are not.

Read it again, the quarterly report says "mines in the Warren area". There was no reference specifically to the Lucky Ben shutting down in 1934 or because of the act. Nobody is bending the truth from their side. Your taking their words out of context and trying to twist them into your own narrative. You want to call me out on my research on the grounds of conflict? I'll call you out on your accusation. Good luck with that. Do your own research. Part of the reason I come on this filth of a site once in a while is to do my best to dispel the BS that accumulates on here and help genuine people understand what they are invested in. Nobody likes being called a liar and yet that's exactly what you are trying to do is call these people liars.

Regarding the meteor, they are reporting a "hypothesis" that the samples they have taken and sent on for further analysis is what looks like evidence of a meteor impact. They even reference this as a potential secondary impact from the time of the beaverhead impact. SDRC reports elemental iron, chromium and nickel. they never directly said there were an REE's from the meteorite only that the meteor hypothesis may explain the "unique presence of precious metals and rare earth elements within the district". They never said these are samples out of the Lucky Ben mine!

"successfully precipitated four out of the eight targeted precious metals"
That's a report on the labs growing capability. Its not specific to what they are processing out of the Lucky Ben. I miss read that. Yes there are only eight precious metals so they are working on perfecting their lab work for all of them and are up to four now. That doesn't mean they are mining all eight of them or even four of them. It is just a report on the lab capability. What we know for sure is they are mining Gold and Silver so that is two.

The miners were mining gold and silver. Why is there no real documentation? Again, REE's had no value until the 1990's. who is gonna mine REE in the late 19th and early half of the 20 century? For what purpose? why would historical miners care what amounts of REE there are? What I was describing to you in story on Granite creek is an example of how other metals besides gold and silver were overlooked in early times simply because there was no value in them..

If you are looking for info on REE's in this AREA read this. It is fairly explicit as to the mineral inventory of the beaverhead impact and the source of the REE's. . https://www.mbmg.mtech.edu/pdf-publications/fs9.pdf

Rare earth elements (REE) occur in the Phosphoria Formation, which was previously mined for phosphorous (P) at the Canyon Creek, Maiden Rock, and other smaller mines throughout the county (Emsbo and others, 2015). The Phosphoria Formation extends northward to Silver Bow County, eastward to Madison County, and southward into Idaho. The Phosphoria Formation may also be a potential source of the critical minerals vanadium (V), chromium (Cr), nickel (Ni), and Zn. A few REE placer deposits can be found along the Montanaโ€“Idaho border, where there are well-documented bedrock deposits (e.g., Austin and others, 1970), and similar deposits may occur on the Montana side of the border.
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surrealistrader surrealistrader 2 weeks ago
I did answer your question. Just not very well. Here goes. From the article

โ€œIโ€™m not going to touch this. I am going to will it to you, Jay, and when we work it again, weโ€™ll work it together.โ€ J.A. Czizek

That's why the mine was closed. If you read Jay's bio, they never got back to it. It was a nest egg. They meant to mine it only if they needed the money but they never did need to.. When the gold act was passed in the 30's it only made sense to hold onto the mine as property. The gold in the mine isn't going anywhere and the price for gold keeps going up. Its a form of security.

Ok, thanks for that, but you just confirmed via documentation / an old interview that they stopped mining for reasons other than the 1934 Gold Reserve Act. Maybe you would understand my question if I asked it again: Why are SDRC's spokespeople currently saying that the mines ceased production because of the 1934 Gold Reserve Act? Mining stopped in 1915, and the owners public-ally alleged that the land is not depleted of reserves. That much is clear, but we do not know to what degree these men were bending the truth. I'm not assuming anything. You have done quite a bit of reading of old newspaper articles, and anecdotal accounts from back in the day; Are these reliable to you given the apparent conflict of interest? These are the owners of the land. Why wouldn't they try to make it seem more valuable than it is especially with the intent to sell it eventually regardless of the degree of depletion?

As far as rare earth elements go. SDRC indicates there are. From their report:

"Additionally, geological evidence from the area, including distinct rock formations and mineral anomalies, has been collected and submitted for further analysis. These findings align with impact signatures observed in known meteorite strikes, adding scientific weight to our hypothesis. If confirmed, the meteorite strike could explain the unique presence of precious metals and rare earth elements within the district, potentially positioning Warren as a significant source of both
economically and scientifically valuable materials."

The above comes after staking more claims. It is good they are using two different assay labs to process their samples.

1. A question: Where else on earth has a meteorite impact been offered as the geological backdrop for an economic REE or PGM deposit? Somebody name one mining company, please.

2. I agree it is "good they are using two different assay labs to process their samples." Parallel studies are crucial. I would also like to see some kind of gesture of reliability to the sampling process. I hope they publish these in full, uncurated, and hopefully with a reputable independent third party written report. I made a post below about what I would be looking for in the interest of reliability to these much anticipated pieces of analytical data. Can't wait!

"We have successfully precipitated four out of the eight targeted precious metals" but this does not mention REE's.

Besides Gold and Silver I don't know what they are referring to as precious metals. Your right, gold and silver are traditionally the two precious metals associated with this area. However, that's all they were looking for in them days. Copper forms with gold and silver deposits so that can be speculated. They do mention Nickel.

REE's, copper, & Nickel are not precious metals. The only things that are culturally known to be PM's are Gold, Silver and the 6 Platinum Group Metals. That makes 8. You make an interesting story relating to this below, but obviously gold was produced in the past and whatever was alloyed with it will have been separated whether it was considered valuable or not. It is surprising that there is no documentation about this cited by our community, nor any that could be found via internet searches of academic papers, geological survey, or any derivative proprietary documents, in the history of the Idaho Batholith. Historical data is not informing the present metallurgical issues because they are apparently a complete departure from what can be derived from historical documentation about Warren's gold production and local smelting.

For example, there is a story on Granite Creek BC in the 1880's. ... My point is, Gold and Silver were the only things of value in them days and all they were looking for. Only those two Chinese miners were saving their platinum. This is why I think REE have never been explored for in this region. It can be inferred that they are doing broad spectrum assays which would include REE analysis. I am looking forward to seeing more on their findings.

That's a fair and tempting train of thought. As we move forward a decade or two as Warren continued to be explored and worked, Platinum was certainly known about by geologists, and I assume the local smelters as well. It was pursued and promoted by mining men everywhere especially as the century turned. There was a futures market for platinum as well, and those promotions became more vigorous as that price ebbed and flowed. We know this. Your story takes place in a completely different geological region, making your point only relevant in terms of the time Warren was most likely to be aggressively explored but not by geography. As far as the Idaho Batholith is concerned, I posted here 4 examples of platinum prospecting documents in Idaho that never came to fruition. This is because investors cared enough about platinum then to be attracted to it and their promoters saw it worthwhile to publish in newspapers and commission reports about them, regardless of the geology being conducive to its presence nor the intention to move forward with constructing a mine. There is no documented production of PGM's in this region. Those prospects were later dismissed as false positives, or at best uneconomical occurrences.

Investors in SDRC are placing a bet on something completely new and undocumented even after 100+ years of study and commercialization, and came at a time when expectations (over first revenues from gold and silver) have been invoked to their highest degree. New mineral discoveries and a promise of even greater profits and sensational breakthroughs as a main moment of truth approaches have indicated to me something wrong and a desire to hedge their core thesis. My position remains that substantiating their discovery will stun the academic community and perhaps exploration interest in the region, but that does not guarantee profitable mining and processing. Feasibility studies to determine cut-off grades and reserves and a necessary 3D intersection of their resource are what would do that. Overall certainty about the feasibility of their portfolio of projects has gone down with the decision to invest investor capital in pursuing these new commodities.

I wish SDRC would pitch a deal to uncle Musk to use their tech on Mars. I'd sign up for that

Let's prove laser mining's efficacy on Earth first.
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SMResources SMResources 2 weeks ago
I did answer your question. Just not very well. Here goes. From the article

โ€œIโ€™m not going to touch this. I am going to will it to you, Jay, and when we work it again,
weโ€™ll work it together.โ€ J.A. Czizek

Thats why the mine was closed. If you read Jay's bio, they never got back to it. It was a nest egg. They meant to mine it only if they needed the money but they never did need to.. When the gold act was passed in the 30's it only made sense to hold onto the mine as property. The gold in the mine isn't going anywhere and the price for gold keeps going up. Its a form of security.

As far as rare earth elements go. SDRC indicates there are. From their report

"Additionally, geological evidence from the area, including distinct rock formations and mineral anomalies, has been collected and submitted for further analysis. These findings align with impact signatures observed in known meteorite strikes, adding scientific weight to our hypothesis. If confirmed, the meteorite strike could explain the unique presence of precious metals and rare earth elements within the district, potentially positioning Warren as a significant source of both
economically and scientifically valuable materials."

The above comes after staking more claims. It is good they are using two different assay labs to process their samples.

"We have successfully precipitated four out of the eight targeted precious metals" but this does not mention REE's.

Besides Gold and Silver I don't know what they are referring to as precious metals. Your right, gold and silver are traditionally the two precious metals associated with this area. However, that's all they were looking for in them days. Copper forms with gold and silver deposits so that can be speculated. They do mention Nickel.

For example, there is a story on Granite Creek BC in the 1880's. They were mining gold. it was about 19 dollars an ounce. They were also capturing Platinum with the gold. At that time Platinum was worth about .25 cents per ounce. The miners would separate the gold out from the platinum and throw the platinum away. Later the Chinese also worked this creek and in the 1980's when prices exploded a cabbie picked up a couple really old Chinaman and gave them a ride to the old Granite Creek townsite. They said wait here and went down to the townsite. About 20min later they returned with sacks full of something. The cabbie dropped them off and was so curious he went back to the old townsite. in one of the cabins there was a hole in the floor and empty tins were strewn about the cabin. One tin still had a flake of platinum in it. You see these Chinese mining Granite creek separated out the platinum and kept it. One hell of a pay check for these old boys.

My point is, Gold and Silver were the only things of value in them days and all they were looking for. Only those two Chinese miners were saving their platinum. This is why I think REE have never been explored for in this region. It can be inferred that they are doing broad spectrum assays which would include REE analysis. I am looking forward to seeing more on their findings.

I wish SDRC would pitch a deal to uncle Musk to use their tech on Mars. I'd sign up for that
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surrealistrader surrealistrader 2 weeks ago
You didn't answer my question and nor did your article. It looks like neither of us know the answer. Why is everyone saying production stopped because of the 1934 gold reserve act when it in fact the last year Lucky Ben was mined was in 1915? Yes, in 1935, it seems was when it was caved in, but that's not when production stopped. Why was it left dormant for 20 years before that?

Sir, I know you have been awarded shares for your services in the past. I've read your article multiple times over the years. Your investigative reporting is informative and entertaining. The historical resurrection story of these past gold producing properties has always been intriguing and exciting to me. I don't appreciate the insult though. It still escapes me why the company is promoting a Rare Earths resource without anything beyond unreliable Libs data to substantiate it. This has always been a gold and silver story and the change in the past few years is abrupt to say the least, indicating to me a desire to hedge their core thesis. It is hard to believe that no other company in the district over the past 100+ years it was commercialized has documented half the minerals SDRC claims to find in economic quantities.
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SMResources SMResources 2 weeks ago
Read the article about the Lucky Ben published in the Golden Shovel. A picture of the tunnel is on the front page. There you will find why they choose to close the tunnel in the early years.

http://www.ominecaminingassociation.com/uploads/5/6/7/0/56701493/jan2021final.pdf
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SMResources SMResources 2 weeks ago
There is nothing shameless about the truth and you obviously know nothing about the Warren District
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surrealistrader surrealistrader 2 weeks ago
How could the mining of the little giant stop because of the 1934 Gold Reserve Act if the last year of Czizek's production at the Lucky Ben was 1915? Did the other portals intersecting that vein stop production later?

My father had quite a bit of money when he came out here as the Idaho representative and I don't think he worked it after that.

...and that would have been about? 19??

About 1915. It was before that because he was sent out here from Idaho and at a salary in 1915 to build & supervise the building of the Idaho building at the Exposition. That's over where the Palace of Fine Arts is. Probably then, he left 1914 or 1915. That was the last then.

Did you ever do any mining after that in that mine?

No, I was too busy doing civil engineering.
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surrealistrader surrealistrader 2 weeks ago
Rare earth elements exist virtually everywhere in their respective average crustal abundance levels, varying slightly depending on regional geology. Here they are below, listed in ppm or parts per million. SDRC finding these in their average crustal abundance levels does not indicate the potential economic feasibility of mining these, but another shameless promotion, and perhaps a need to hedge their core thesis.

Lanthanum (La) ~30
Cerium (Ce) ~66
Praseodymium (Pr) ~9.2
Neodymium (Nd) ~41
Promethium (Pm) Trace (radioactive, not naturally occurring in measurable amounts)
Samarium (Sm) ~7.1
Europium (Eu) ~2
Gadolinium (Gd) ~6.2
Terbium (Tb) ~1.2
Dysprosium (Dy) ~5.2
Holmium (Ho) ~1.3
Erbium (Er) ~3.5
Thulium (Tm) ~0.52
Ytterbium (Yb) ~3.2
Lutetium (Lu) ~0.8
Yttrium (Y) ~22
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SMResources SMResources 2 weeks ago
I am curious what presence for rare earth elements within the district they are referring to? Anyone have any historical information in the district[url][/url][tag]insert-text-here[/tag]?
The 17 rare earth elements are: lanthanum (La), cerium (Ce), praseodymium (Pr), neodymium (Nd), promethium (Pm), samarium (Sm), europium (Eu), gadolinium (Gd), terbium (Tb), dysprosium (Dy), holmium (Ho), erbium (Er), thulium (Tm), ytterbium (Yb), lutetium (Lu), scandium (Sc), and yttrium (Y)

"If confirmed, the meteorite strike could explain the unique presence of precious metals and rare earth elements within the district,"
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SMResources SMResources 2 weeks ago
Know the history.

The mines in the Warren area were not closed due to a depletion of gold but were instead forced to shut down in the1930s due to the Gold Reserve Act of 1934.

These mines were closed in ore. The blockage in the Sidney tunnel goes back to the early times.
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Hawkeye_tt Hawkeye_tt 2 weeks ago
Why would you continue to hold any shares still. You are truly a non believer in the business.
Move on already....
Best to all LT holders !

Hawk
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surrealistrader surrealistrader 2 weeks ago
Let's ponder Sunny's Freudian slip: "Dump Truck"

Thursday, October 10, 2024 - Sunnyland:
"You ever see a dump-truck hit a person??"

Using this same phase broadcasted across multiple platforms, as well as his first post on Ihub in years, I'm not sure how much more poignant one can be by warning us of something with the word "dump" in it. This is a guy who is not listed in company filings personally but brags about "Rivaling the Llelands" in how many shares he owns. Whether its by using passthrough entities, accounts in other peoples' names, imposing a desire for legal insulation, who knows what, regardless, a shareholder owning greater than 5% of the company is going under-reported through official channels. Why?
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