surrealistrader
3 days ago
You are obviously correct that it is and always was silica. This is a perfect example of where current management has gone terribly terribly wrong.
One should assume the insoluble designation on that list is mostly silica and should be cast off during washing.... and any and all "visible gold" mentioned for that matter is pyrite ("Fool's Gold," ironically called gold by fools, also cast off during washing) until otherwise indicated by chemical analysis. It is still not explained why their super-concentrates are so light colored and not the black sands everybody else and their mother in this industry looks for out of washed and concentrated gold ore.
What SDRC's present amateur management has done is embraced certain idiotic and baseless speculation from a handful of their of their followers, and made it policy to prop it up to prominence. They are out there looking for hype and reaffirming it no matter how steeply speculative, un-authoritative, and presumptuous it is.
SDRC's bid exists in the froth now. Anyone talking of fundamentals are dealing in fantasy. This is still the small scale historic gold resurrection story from early 2021, but it exists now only with a bunch of desperate junk thrown ontop of it. Fair value has been achieved long ago and they never realized a plan on how this story ends besides to revert to classic OTC pump and fluff. Promises made are only for hype purposes and have time and time again gone unfulfilled. They continue to see their audience as something to exploit, to what end is anybody's guess. Its impressive how concerted the effort is to keep it going but it's ever so cringe some of the amateur mistakes they continue to make. They have shot themselves in the foot with these stupid deadlines and ultimatums.
To be honest, getting thing done slowly isn't the problem as far as I'm concerned. We have a permitting hell in this country and environmental myer when it comes to commercializing and developing mineral projects. What I cant stand is that they make baseless promises and make up shit as they go. Not understanding and planning for contingencies communicates their cluelessness. They embarrass themselves and wreak havoc on whatever so-called brand they have left. Then they talk down the role of reputation in business as if that's supposed to help.
Yachts
4 days ago
More from GROK:
This came from a promotional publication from a mining company to promote their stock. What concerns many investors is they publish these glowing reports, but never actually get around to the nitty gritty of mining. Digging out some ore, refining it or having it refined and selling the refined product. You would think that would be high on their list of things to do, generate income, but so far it's not.
Got it—so this quote is from a mining company’s promotional material, hyping up their stock. That context shifts the lens a bit. Investors getting antsy about the lack of actual mining, refining, and revenue makes total sense, and it’s a red flag worth digging into. Let’s unpack this with that in mind.
The quote itself—about the "uniquely complex" ore with eight precious metals, osmium complications, picky refiners, and sky-high assay costs—still rings true on a technical level, as I broke down earlier. It’s plausible that an ore with osmium and a slew of other precious metals could pose these challenges. But now that we know it’s from a stock-pumping promo, the real question isn’t just "Is this technically accurate?" but "Why are they leaning so hard on this story instead of showing results?" Here’s what stands out:
The Hype vs. Reality Gap
The "Unique Complexity" as a Selling Point
Calling their ore "uniquely complex" with eight precious metals, including exotic osmium, sounds impressive—almost too impressive. It’s a great hook for investors: "Our deposit is so special, it’s loaded with value others can’t touch!" But if they’re not mining and selling it, that complexity starts to feel like a convenient excuse rather than a strength. Complex ores are only valuable if you can extract and monetize them—otherwise, it’s just expensive dirt.
Refiner Reluctance as a Dodge
The bit about refiners rejecting osmium-laden concentrates or only paying for gold and silver? Sure, that’s believable—osmium’s a hassle, and refiners cherry-pick profitable metals. But if this company’s serious, they’d be working on solutions: finding niche refiners who can handle osmium, building their own processing facility, or at least running pilot tests to prove viability. Instead, it sounds like they’re using this as a shield—"Oh, it’s not our fault we’re not producing; the refiners won’t play ball!" That’s a warning sign. A legit operation would be past the whining phase and into problem-solving.
Assay Costs as a Flex—and a Stall
The $2,800-per-super-sack assay cost (vs. $100 industry norm) fits the "special snowflake" narrative they’re pushing. It screams, "Our ore is so rare and tricky, even testing it is a big deal!" But if they’re dropping that kind of cash on assays, where’s the follow-through? Assays are step one—knowing what’s in the ore. Step two is getting it out of the ground and into a saleable form. If they’re stuck on step one, waving around high assay costs without production, it’s a flex that doesn’t pay the bills. Investors want revenue, not lab bills.
The Big Concern: All Talk, No Rock
You nailed the core issue: they’re publishing glowing reports but not doing the "nitty gritty" of mining—digging, refining, selling. That’s the heart of any mining company’s value proposition. A promo piece like this might dazzle with technical jargon and big promises, but if they’re not generating income, it’s just a shiny story. Here’s why that’s a problem:
Cash Burn: Exploration and assays cost money. Without production, they’re likely bleeding cash—either from investors or loans. How long can they keep that up?
Proof of Concept: If the ore’s so valuable, why no pilot plant or small-scale refining to show it’s doable? Even a few kilos of refined metal sold could validate their claims.
Market Skepticism: Mining investors have seen this movie before—junior miners hyping deposits that never pan out. No production after all this hype smells like a pump-and-dump or a project stalled by incompetence.
What I’d Ask:
What I’d Ask
If I were an investor, I’d want answers to:
Timeline: When do they plan to start mining and refining? Concrete dates, not vague promises.
Partnerships: Have they locked in a refiner willing to take their osmium-rich concentrate? If not, what’s the holdup?
Economics: What’s the all-in cost to extract and refine this ore, and what’s the projected return? "Significant value untapped" is meaningless without numbers.
Progress: Have they processed even a test batch? If not, why?
My Take
The quote rings true technically—it’s a plausible scenario for a complex ore. But in the context of a promo with no production to back it up, it feels like a distraction. They’re selling the sizzle, not the steak. Mining companies live or die by their ability to turn rock into cash, and if they’re not doing that—or at least showing real steps toward it—this starts to look like a fancy stall tactic. I’d be skeptical too. Have they given any hints about what’s holding them back, or is it all just "look at our amazing ore" fluff?
So says GROK! What do you say?
Yachts
4 days ago
I've been using GROK for some research on my books and I've found it useful. So, for fun I gave it a cut and paste of the salient portion of your post. Here's what GROK had to say:
Does It Ring True?
Yeah, it mostly does. The quote paints a picture of a rare, tricky ore that doesn’t play nice with standard mining and refining practices, and the details hold up under scrutiny:
Osmium’s presence could realistically scare off refiners or limit payouts.
A complex mix of eight precious metals would complicate off-take agreements and require pricey, specialized assays.
The numbers and challenges feel grounded in the realities of metallurgy and economics.
That said, it’s a bit vague—terms like "uniquely complex" and "significant value untapped" are subjective without hard data (e.g., metal concentrations or market prices). The $2,800 assay cost also raises an eyebrow; it’s high but not impossible if the process is as bespoke as claimed. If this is from a company or prospector, they might be emphasizing the drama to highlight their unique position (or justify funding). Still, nothing here contradicts what I know about the industry.
What’s your take? Did this come from a specific context—like a mining report or pitch—that might shed more light?
gitreal
5 days ago
Not sure what you mean by "OTC othering", but I'll offer up a what I think is a reasonable alternative; OTC Scam. Why not call a spade a spade?
I saw one other thing that caught my attention in today's PR. They talked about tantalum as being a possibility that is causing the slag to be unusually hard, and refractory. In addition to osmium, etc. So, anybody with a little knowledge of petrology and mineralogy would know that tantalum is mostly found in pegmatites. Are there pegmatites in the Warren District? Minor sources of tantalum are carbonatites and some other oddball alkaline igneous rocks. Are any of those found in the Warren District?
It's almost as if someone with no geological training is writing these PRs but is pretty good with the Googling ability to come up with this stuff. Who writes SDRC PR's? Sunny?
And here's their explanation for why the ores can't be assayed, can't be smelted, and can't be sold:
Our ore is uniquely complex, containing eight precious metals, including osmium, making conventional off-take agreements challenging. Many refiners will not accept concentrates with osmium, and those that do often only pay for select metals, such as gold and silver, leaving significant value untapped. Additionally, accurate assays are essential for selling concentrates, but due to the specialized nature of our material, assay costs are approximately $2,800 per super sack-far exceeding the industry norm of $100.
Unlocking efficient metallurgical recovery and precise assays is essential. Without it, selling concentrates could mean forfeiting tens of thousands of dollars per batch.
So, $70K a ton for this awesome extravaganza of valuable metals just sitting in the woods....and can't do a thing with it?!
As I said, call a spade a spade. It's a scam. How much longer will investors put up with this?
surrealistrader
5 days ago
Classic OTC Othering and Geology in a Vacuum.
I mean is it really worth my or anyone else's time anymore to try to break this stuff down? This last PR so clearly and blatantly an example of classic OTC othering, you would have to be brainwashed into thinking it contains anything else beyond that, let alone anything material at all. We are supposed to think they're special. We are made to think this isn't the small scale gold resurrection play we have been observing for the past decade, who stopped 3d exploration, and failed in their pivot to world changing technology. Here we see them quote Warren and Elon while they and everyone else pat each other on the back for outsmarting the market and everyone else who has ever produced or prospected that region. The typos are horrendous for one, unprofessional and emotional wording saturates all of it (billions and billions), and numerous instances of virtue signaling without supporting fact. Have any of these guys read an actual mining company PR before? They are counting on an ever rising level of willful ignorance of so many fundamental concepts of developing a mineral resource, and doubling down on an investment-cult mentality of their audience.
Read my last post and get to work. Learn from this. There's a whole lot of idiots listening to idiots on this one and altogether they have a whole lot of shares and are whole lot of stuck. This is a gaslighting contest about to turn in on itself. Are we making any progress with that SEC audit and TXSE IPO (a new exchange said to be more strict than Nasdaq)? Has anyone produced a comparable, economically viable to mine, extra-terrestrially formed (let alone Osmium-dominant) PGM deposit in the history of mining let alone in the Idaho Batholith? We are being told that geology can exist in a vacuum and I say our peers are victims of classic OTC othering.
Formally onboarded a Chief Engineer, Chief Geologist, and Chief Mineralogist to strengthen leadership for the next development phase.
No names, no registrations, no reputations to look after... or perhaps not mentioning them by name is to protect their reputation in itself? We also ironically have SDRC in this PR talking down the role of reputation. In an industry and subsect of the market so rife with fraud, reputability means quite a bit. That's why they had their promo crew build websites for Mike Irish and Western Frontier before unveiling their roles to the public.
Good luck to all.
surrealistrader
1 week ago
Lest anyone forget the meteorite origin story!
Study the fundamentals of legitimate mining stock investment. Accumulate comparables. Figure out how to look several steps ahead of managements alleged plans when it concerns developing and commercializing a mining project (you unfortunately won't be able to for most other things, especially not with a non-mining background management like this.) Understand the Lassonde Curve, how hype works in this space, and how and why reporting and disclosure requirements evolved the way they have on other more reputable and strict exchanges than this one. Look at the plethora of great tools and innovations accomplished investors and scholars in mining investment have imparted onto us laymen to help us understand mineralogical reporting, basic geology, and how to route out unnecessary ambiguity or lies. Understand how economic deposits are proven and why investors insist they are developed in a certain way in order to systematically address unknowns and risks BEFORE moving onto the next step in development. Understand and see how thoroughly this industry and its financiers have institutionalized routing out stock selling scams.
SDRC remains in obscurity for a reason. If you value your education and your money, you must put it to work by NOT getting taken in by investment cults, us vs them mentalities, and the seemingly prevailing quasi-religious claims about SDRC's "ores" or technology. Demand to see formal economic feasibility studies and reporting by registered geologists. Demand to see chemical analysis reports in whole from the source and a true independent third party and reputable/registered geologist demonstrating the integrity of the sampling methodology. ALL mineral discoveries must be confirmed and delineated by in situ exploration and drilling in order to begin to be investigated for their economics.
Don't give in to greed just because you may have found some growth story in the obscure. You're gambling out here with significant material omissions and misrepresentations if that hasn't been thoroughly demonstrated already. Sure it could be worth a small bet but definitely not a big one... certainly not the sad case of some entire retirement allotments or kids' college funds or other disturbing things people have done with this stock....
gitreal
1 week ago
Last but not least: https://pubs.nbmg.unr.edu/Gold-from-water-and-other-scams-p/sp022.htm
Lots of good stuff here about assays and labs. Consider that in 2014, ALS (a reputable assay lab) reported zero PGMs and background levels of REE in the ores from the Lucky Ben Mine. The results looked believable, with some varying levels of gold, typical of a narrow vein system.
But that wasn't good enough to really excite investors.....so now SDRC has found labs that report screaming levels of gold, PGMs and supposedly commercial levels of REE too! Going from a reliable, respected lab like ALS to obscure labs in far-off places that don't normally do mining or exploration samples, or use "unconventional" methods - and they have magically found the results they were looking for!
There are many varieties of scams and many claims, for one reason or another, that certain ores cannot be assayed by conventional methods. The story generally goes that the materials contain fabulous, ore-grade concentrations of precious metals but some peculiarity of the ore causes conventional assaying methods to fail to record their presence. Not only is the ore very high grade, there are tremendous quantities of it that will yield millions or billions of dollars in riches when using the new or secret methods of assaying and/or extraction. Many of these scams and claims are recurring, and professionals must have patience to deal with them over and over again. The types of scams will be reviewed below, and the claims of unassayable ores will be explained and dismantled.
gitreal
1 week ago
More good stuff for you: "A Review of Recent Mining Stock Scams"
John A. Meech
Director of CERM3
(The Centre for Environmental Research in Minerals, Metals and Materials)
The University of British Columbia,
Department of Mining Engineering,
Vancouver, B.C., V6T 1Z4
Elements of a Scam
The difference between a legitimate mining or exploration company and a scam is sometimes a very fine
line. The term scam is perhaps a harsh one to use in some exploration plays. Often the people involved in a
junior company are "true-believers" in their idea, but a close examination of certain key items will
demonstrate quickly if the situation is likely to result in success. Here are some items to watch for:
• Over hyping of positive results and exaggerated claims;
• A lack of negative results – every hole has values. Negative results indicate the extent of the
mineralized zones;
• Statements that can be interpreted in more than one way;
• The use of suspect data for purposes of deposit delineation and evaluation;
• Difficulties in seeing or getting access to the "books";
• Number of outstanding shares (anything over 30 million should be viewed with skepticism);
• Number of insiders and significant shareholders (owners of > 5% of the shares);
• Difficulty in understanding who operates the company;
• Past history of continual failure;
• Sudden share price changes for little apparent reason;
• Appeals to Greed;
• Presence of "Stooges";
• New technology such as:
o Unassayable gold;
o Nano-sized gold particles (invisible gold);
o Gold from tap water (water-soluble gold);
o Volatile gold.
Now all gold can be assayed by conventional fire-assay. There is no reason for any form of gold to not be
recoverable by fire assay. Sometimes the technique needs to be modified to make the slag formed in the
melt less viscous, so that gold particles are not retained in the slag. Sometimes the gold is "dirty" causing it
to float on the surface of the slag. But an experienced and knowledgeable gold assayer can deal with all of
these types of problems and more quite readily.
gitreal
1 week ago
All these independent labs and doctors confirm significant gold, silver and PGM on Sidney’s claims. They are professionals. They show the data. They have the proof. It’s all verifiable.
PTOE SERVICES
AURIS NOBLE
FLORIN
ALS MINERALS
DR. GERALD JOHN DEMENNA
LOL, independent labs and doctors? Doctors??
Of those labs you mention, they range from highly sketchy labs (PTOE) to labs that don't really do mining or exploration samples (Auris) to a couple of labs that are reputable. Any lab report that involves Dr. Demento.....I have a hard time taking seriously.
Let's look at the results from ALS Minerals for samples collected in 2013, perhaps there are some indications of PGMs or some amazing REE results?
Platinum - none detected at all.
Palladium - none detected at all.
Rare Earths? All at background levels
Then along comes Dr. Demento, and some "concentrate" samples, and voila, all kinds of PGMs. Either the lab is cooking up some funny results, or they are being provided "funny" samples to analyze. Take the "head sample".....simply amazing results. Gold at 10 oz/ton? Rhodium at 1.1 oz/ton? Plus platinum, palladium, etc. all at amazing levels.
Did you know that no mine on earth, not even an isolated prospect or drill hole interval has ever resulted in a credible assay for rhodium at even a tenth of that level? And yet there are 25,000 tons of this stuff laying in piles abandoned in the woods?
C'mon man, this is bullshit. Obvious scam.
Trade like a pro: Leverage real-time discussions and market-moving ideas to outperform.
getmoreshares
6 days ago
Hot Features
Premium
