gitreal
3 days ago
Its a thing of pride for them to see this company moved forward with integrity.
Sorry, but I just don't see much "integrity". I see some promoters (Hally and SeanRae) with zero technical qualifications to be running a mining company spouting hype, bullshit, and really bad math.
If there is economically minable gold in their mining claims, they have yet to make the case. But they could still succeed if the gold is really there and they are willing spend a few dollars on some legitimate assessment work with credible third-party consultants. Not hyperbolic posts on X from SeanRae quoting Hally quoting some geologist who says "if the XRF data is correct....... Not posting dollar estimates of the value of the "precious metals" in the concentrates using bad math, and without some kind of believable data and assumptions to back up their estimates. If this were a SEC-reporting company....they'd get slapped down big-time for those kinds of screwy dollar estimates.
So yeah.....instead of proving they have gold, all that other garbage (PGMs, REE, meteorites) paints a very bad picture of this company. Very bad.
surrealistrader
3 days ago
Investors should not stand for this kind of hype. Unless they are okay with it and don't care about the dishonesty, in the hopes that it doesn't matter what bullshit is said as long as it results in a run that they can sell into. That might be what's going on.
I do believe you are describing most investors in general who will hope to take part in both the buying and selling of their investments. They would primarily, most exclusively, invest in people who will do what it takes to ensure their investment grows so that some day it can be sold at a higher value. This concept may be foreign to you because you're not an investor.
In the case of SDRC, we have witnessed time frames of investment ranging from a couple years to multiple decades. More often than one would assume from the tone of this conversation, we are witnessing investors in SDRC who will likely hold onto this stock with no plan to sell all of it, or any of it ever. They are even stacking their children's college funds and Roth IRA's with this stock. They do so purely because they believe in the trajectory and ethic of the company so much, and in how well it has treated them over these years.
Call these people what you want. They couldn't care two shits. They're too busy making money, and putting it where it counts. SDRC takes investors like these seriously and sees their investment as a stewardship. investors take SDRC seriously because they have demonstrated stellar drive, ethic, and knowhow to set goals and go after them efficiently, contentiously, with shareholder value as a prime motive.
More than a few of management are investors too. There are no preferred stock issued and nobody as undue control over the share structure. it is a pure corporation and a true group effort. Its a thing of pride for them to see this company moved forward with integrity.
gitreal
3 days ago
Mistake #1: They say they have 1,381,830 grams of processed concentrates, which they multiply by 35.27 to come up with 48,742,659 ounces. Completely wrong. The conversion from grams of gold to ounces of gold is to divide by 31.103, the actual result being 44,532 oz.
Mistake #2: They assume 80% recovery of their 48,742,659 oz. of concentrate and come up with 38,994.13 oz of "precious metals". The actual answer, using their 48 million oz of concentrate is.....38,994,127 oz. So, it seems they have the numbers right in this calculation, but the decimal is seriously misplaced.
So, bad/careless at math. But what investors should be especially aware of is that they assume the processed concentrates (pictures of which are shown on X in super sacks) are nothing but "precious metals". They don't say what the precious metals are, they don't say what concentrations each precious metal is, and they pick some recovery number out of the air (or somewhere else) as 80%. And it looks like they assume every ounce of that concentrate is pure gold, but still unclear how they came up with that $1,382 number (80% of what??). And typically, you'd smelt concentrate and recovery nearly 100%. So, why 80%, no idea. Any smelter would be quite happy to work with material that has that much precious metals in it.
Funniest thing of all....the pictures of the material in those super sacks looks like....sand. Not concentrate, which would normally be gray or black.
Another super sack of concentrates! $SDRC
Concentrate - A fine, powdery product of the milling process containing a high percentage of valuable metal.#Idaho #Gold #Silver #PGMs #Mining #Production #Progress #WorkContinues #Invest #America #Success #Video @wfmining pic.twitter.com/R7uC3KjIKZ— Sidney Resources Corp. (@SDRCMINING) July 1, 2024
Sidney Resources Corp.
@SDRCMINING
Another super sack of concentrates! $SDRC
Concentrate - A fine, powdery product of the milling process containing a high percentage of valuable metal.
#Idaho #Gold #Silver #PGMs #Mining #Production #Progress #WorkContinues #Invest #America #Success #Video
@wfmining
0:17 / 0:34
6:05 AM ยท Jul 1, 2024
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surrealistrader
4 days ago
The cited "Estimated Results" is clearly far from a definitive nor exhaustive account. Let's not pretend that it is or is even meant to be. For conversations sake, I do see some problems that could lead to a wide margin of error if you were to treat it as such. We must understand that we will necessarily not have access to the same information the company does in order to do that though:
One thing that stands out to me is the conversion of grams to ounces instead of troy ounces. The spot price of precious metals is the market's conversion rate per troy ounce. There are approximately 31.1035 grams in a troy ounce. 1,381,830 grams would equal 44,416 troy ounces.
The value of $1382.00 per ounce is stated as a "portion of the potential values." This implies there might be higher possible values, but does not provide a basis for the chosen value. For calculations sake, market fluctuations and metal purity levels have already seriously affected this value, and gold is clearly not the only metal present in any of their concentrations. Recovered Ounces = 44,416 × 0.80 = 35,533 ounces. Total Value = 35,533 ounces × 1382.00 dollars/ounce = 49,111,906 dollars. A small difference, perhaps.
The aforementioned problems are not what concern me as an investor. The margin of error between $49million and $53million for 6 months of work (set to expand) is nominal. What will interest me most are calculations confirming previous projections of the stockpiles grade, and a break down of all in sustaining costs of running this operation, in order to arrive at a projected long term value of the project. We don't know how much stockpiled ore it took to create this amount of product, nor do we have a break down of costs to know how much profit will be available for the company and shareholders.
That all being said, I appreciate the preview from SDRC but realize that every one of these numbers can and probably will change.
gitreal
4 days ago
https://x.com/SDRCMINING/status/1811400089044132267
Initial Production Report (Estimated Results)
As of July 10, 2024, Sidney Resources Corporation had crushed and milled material to produce 1,381,830 grams of processed concentrates. This translates to 48,742,659 ounces ready for re-concentration and leaching. If we conservatively anticipate 80% recovery, there will be around 38,994.13 ounces of precious metals. If Sidney is successful in recovering $1382.00 per ounce (a portion of the potential values), the year-to-date minimum value will be $53,889,883.35.
There are two serious math errors in this statement by SDRC. Can you spot them?
Aside from the ambiguous term "precious metals" and why they can't spell out exactly what is in the concentrates. This isn't rocket science, yet they seem to struggle with simple stuff.
surrealistrader
4 days ago
Filtering through the flagrant remarks and assumptions of failure,
I do think your suggestions are reasonable. The PGM's should be presented as is.... In original sample amount, raw ore grade; Not concentrated amount because there's plausible deniability that the math could be wrong or fudged. This is one of the situations where it will be worth presenting with accredited opinion, and a brief report for context.
REE should be presented as-is as well, but as-is only... especially if they are not prepared to pursue what they could reasonably concur to be an economical resource of REE (or the possibility thereof.) Those detected are merely at or near XRF threshold levels as far as presented so far. Unless they have new undisclosed information about these proving otherwise, I doubt they will be pursued as a resource. The fact that Sean has pointed out XRF readings of REE may be somewhat of a "red flag" but probably not a malignant one as if it necessarily means outright fraud. Like you said, REE's are relatively common and exist almost ubiquitously in at or near detectability thresholds. He didn't lie, though he did get excited about it, and did expect others to as well. Perhaps it is amateurish at best... and some may insist this judgement isn't one to be made by a qualified CEO. My personal preference would be to remain reserved and prudent with these things as well. I think its forgivable, but look forward to them presenting some more definitive findings when appropriate.
Sean's last tweet was very telling, and does answer some, if not all questions about what the company's plans are with any new discoveries. I don't think they realized how groundbreaking it is to have such a problem of PGM's in their stockpiles at the time they first disclosed it. I think they are realizing a bit too late how much more calculated, strategic, and prudent it will be appropriate to be with the cards that are in their hand. We agree that the prize is big if they can substantiate some of the claims being thrown around so far, and will work to secure their interests before doing so lest it provoke competitors.
I am working on buying property regionally for the corporation and creating partnerships with other properties that are controlled by other groups. This is a control play. It takes time. The data is fantastic. I will publish it as soon as I am able. Strategically, I have already shared more than I want but I want the shareholders to know why I have not published the amazing assays.
gitreal
4 days ago
Yes, prove with a credible sampling and analysis program, using a third-party professional geologist or mining engineer that the PGMs exist in anything more than trace amounts. I would put money on there being no PGMs at all, zero, nada.
And prove that that REE occur in anything remotely close to commercial levels (even a tenth of commercially viable levels, and I will be impressed).
Keep in mind that REE are not that rare, and almost any rock you pick up will have detectable levels of numerous REE. When I see a "mining company" proclaim "WE HAVE REE", it is an instant red flag to me. No responsible and competent mining company would say such a thing unless they truly had more than background or slightly elevated REE. As I said, REE occur in most any rock. It is just about the number one thing I see with the scammy OTC mining companies I have encountered over the years. That, and PGMs.
Never seen one promote a meteorite impact. That's a new one.
surrealistrader
5 days ago
Gitreal, grasping at straws for no reason.
I know you have enough criticisms that could make a Barrick or Newmont look like a dumpsterfire. You make it seem like you are the only person here to have done due diligence on the company, which is not true at all. Astroturf is all that is. Quite a few people who still follow the company since Bill Brown's days are well past posting here for its now very predictable toxicity. All the research you ever do is for the purpose of validation of your underlying thesis: a mining stock on OTC = scam, necessarily.
Everybody knows, the odds of any stock promoted on OTC failing are most certainly in your favor. It's most unimpressive to take your side. Compounding this, you focus on mining. Look at the success rate of early stage mining projects as a group: dismal! Look at the size and stage of the companies being predated upon: Mom and Pop shops and startups have vastly higher failure rate than well-banked corporations. Yes, OTC has a lower barrier of entry as far as reporting and listing requirements (which is actually becoming stricter), and companies list here despite the OTC's baggage of the past, shitty reputation, and the predatory market-making that comes along with it.... its a business, and plays a necessary role in our economy, and is a necessary source of capital for some companies, some who have gone on to do very good and important things in our world. I say we embrace it and work towards an infrastructure in OTC that ensures legitimacy. I appreciate that you guys have found your own little way of doing that, but me and my investor peers have ours too.
The truth is, SDRC is a legit business undergoing staggering growth in one of the toughest industries on the planet. They are going outside the typical modes of finance, industry standards, and de-risking protocols to do so despite being called "insane" by so called experts. OTC is a startup environment and this is a startup, pre-revenues. Incentivisation structure is key, and we have one oriented strongly towards shareholders. No hot shot management, no big salaries, no flamboyant marketing, no unduly frivolous exploration campaigns. We are witnessing a creatively engineered attempt to preserve shareholder value, while they use their non-toxically financed means to build the foundations for future success, self-funded.
Some of the things you knock the company for are actually good things. You're not looking at things like a growth investor. Again, you're just trying to prove your underlying thesis, and spend so much time and emotion on your precious thought leadership on Ihub of all places, for what? The luls? You've never provided any suitable comparables in insisting that SDRC is bad investment. You have never said anything good about any company like its some sort of rule. You have made it clear that you are not a trader or investor yourself. This hobby you have of populating investment discussion boards with your perspective is remarkable to say the least.
Try assuming SDRC is legit and they could benefit from your constructive criticism. They are climbing quite a steep learning curve going from where they were just a few years ago so quickly. It's quite a balancing act, being so grass-roots transparent and engaging with shareholders about their process and problemsolving while also trying to be strategic and playing that multi-layered chess game we know they are.
This morning's tweet from CEO Sean:
https://x.com/seanraezalewski/status/1815756380202049955?s=46&t=-3SMZVvPu_o9A1sKRFwAMg
Sean-Rae Zalewski @SeanRaeZalewski
A lot of people are asking why we have not published these assays yet.
It is simple. I am working on buying property regionally for the corporation and creating partnerships with other properties that are controlled by other groups.
This is a control play. It takes time. The data is fantastic. I will publish it as soon as I am able. Strategically, I have already shared more than I want but I want the shareholders to know why I have not published the amazing assays.
Cheers,
We are all going to win.
Sean - CEO $SDRC
"Strategically, I have already shared more than I want." Call bullshit or not, few take the baseless vitriol on this platform seriously anymore. I'm happy with my investment and look forward to seeing these matters play out as they have been these past few years.
surrealistrader
1 week ago
Dobson on discovery of enormous dome-shaped anomaly:
Dan Hally:
I'm Dan Hally, here with Steve Dobson, our geologist, taking a look at some unique geology. In a second, I'll have Steve explain what we're looking at. One of the things we love about Steve is that, as a geologist, he spends a lot of time on the project site, but he also spends almost every evening roaming the hills and the surrounding area to look for evidence to explain the complexity of the ore we're dealing with. So here's everyone's favorite geologist, Steve. All right, Steve, what are we seeing back there?
Steve Dobson:
Well, we're on the east flank of a contact zone that I've been tracing for the last month. What you can see here are these stratified rocks in the foreground. Those are actually Precambrian crystalline basement rocks, and they look like sediments, which is really strange to me. They are stratified and almost look like sedimentary rocks, but they're not. These are crystalline basement rocks, all stratified in a circular arc. In the background, you can see how large an area we've been working on. I'll pan and show what looks like a big bowl or a crater. That would be the west rim, and it comes around to where we are now standing on the east rim. I've traced this out for, oh, I don't know, a 180-degree radiusโnot all of it, of course. The center is all quartz monzonite porphyry pluton, a big pluton in the middle, rimmed with Precambrian basement rock on the outside that is all laminated like that. Very strange. I can't really explain why it's bedded, why it's laminated, but it is. We're just trying to put little pieces of the puzzle together on a working hypothesis. That's what we're doing, and it's certainly helping to explain and understand why we're seeing what we're seeing and the complexity of the ore.
Dan Hally:
We really appreciate Steve's work. You don't get a lot of geologists who spend the time in the region to really understand it. With Western Frontier, that's the type of quality service we're getting throughout this project. We know this is a complex project, but we're figuring it out. And as always, we like to say we've got gold and a few other things. We're going to go ahead and sign off, but that's a little geology lesson. Right there in front of me, that's the quartz monzonite, and right there is that layered basement rock. Really unusual to see that. Thanks again, Steve. Appreciate it.
Steve Dobson:
You bet. We'll keep working on it.
Dan Hally:
Dan Hally, Sidney Resources, July 11th, 2024. Just a follow-up to what Steve was explaining. So this is the rim that you see, and Steve's been tracing this out. He can find the zones where the quartz monzonite meets up with the stratified basement rocks that look like sedimentary rocks, but they are not. These are basement rocks, forming a big bowl. One of the theories is this may be tied to the Beaverhead impact, suggesting there would have been multiple meteorites that hit, and this being one of the contact zones would explain a lot of what we're seeing, what we're recovering, and what's showing up in assays. It's very interesting but very complex. We're definitely figuring it out. Way in the distance, amongst all of this quartz monzonite, there looks to be a small pocket of limestone, which has no business being up here, but it just fits into the puzzle. That may be a remnant of what was not blasted out by the impact. There's a lot of other material that Steve has seen, showing signs of an impact, and this layering of the basement rocks may very well be explained by compression. We've seen other stratified rocks modified by incredible heat. It's very interesting. That's just a little break from the actual warm project site as we continue to look into the geology and really understand the entire district. Dan Hally, signing off.
The video released earlier today:
https://www.youtube.com/watch?v=QE7TYpvTC4Q
gitreal
2 weeks ago
Why have Dan and SeanRae spout endless hyperbolic nonsense, pure BS, when they have actual geologists who are trained and qualified to represent the technical integrity of the company??
It is really shameful.
Is it because the geologists know better, and have their reputations to consider? Well, thanks to the power of Internet searches, they are now forever linked with bogus PGMs, REE, and meteorites, bad math, and so on. Hope it is worth it for them.
surrealistrader
2 weeks ago
All company communications (so far) concerning PGM's:
https://twitter.com/SeanRaeZalewski/status/1787508017929322702
Sean-Rae Zalewski
@SeanRaeZalewski
$sdrc @SDRCMINING
#PGMโs #platinumgroupmetals #iridium persistent iridium in ore. Also metallic iron in our ore. Itโs a big deal. #IYKYK
https://twitter.com/SeanRaeZalewski/status/1787521989126631701
Sean-Rae Zalewski
@SeanRaeZalewski
$SDRC @SDRCMINING
What does the presence of PGM's in our samples mean? If the data remains consistent with what we are seeing it could increase the value of every ton of ore by 2x or 3x! That is HUGE #mining #PGM #GOLD #REE #SILVER
More to come, much more.
https://twitter.com/SeanRaeZalewski/status/1787508379876815275
Sean-Rae Zalewski
@SeanRaeZalewski
We are definitely dealing with a very complex ore. We believe we have metallic iron because it will not oxidize regardless of what we throw at it. Note the high iridium which makes sense with metallic Fe, elevated levels of nickel and chromium.
https://twitter.com/SeanRaeZalewski/status/1787556622287466558
Sean-Rae Zalewski
@SeanRaeZalewski
Went through all the XRF data from Docโฆ.iridium did show in the ore. So did Osmium and platinum which is what you would need to see. Also elevated levels of Chromium and Nickel which are indicative of a meteorite. Also show several rare earth elements. Thorium, Gallium, Ruthenium, and Yttrium - text from Dan Hally - COO @SDRCMINING
$SDRC letโs goooo!
https://twitter.com/SeanRaeZalewski/status/1787849237868249339
Sean-Rae Zalewski
@SeanRaeZalewski
There seems to be some confusion. The presence of PGM in $SDRC โs ore is a definite boon.
The offtake agreements that we are discussing and working on with the groups that will be the buyers recognize the PGMโs, and that will be part of the offtake agreement.
An independent geologist said โHe said if the XRF data on the ore is correct, the ore could be worth $45K a ton with the gold, silver, platinum and iridium the XRF indicate are present in the raw oreโ
This quote is directly from COO Dan Hally in a email to me.
#gold #PGM #silver #win #invest #goldmining
https://www.otcmarkets.com/otcapi/company/financial-report/402361/content
From SDRC Q1 2024 Quarterly Report:
"We have encountered unusual anomalies occurring in the dore' material and are conducting extensive testing at numerous fire assay labs to determine the exact mineral composition of the material to determine the best course forward in processing and testing the concentrates. During fire assay testing it has been determined that a significant amount of Gold is reporting to the slag and high volumes of silver are reporting to the tailings. The reporting of valuable metals like gold, silver, copper, and iridium in our XRF scans further illustrates the rich potential of our mining operations. We are continuing to test materials to determine the level of any iridium and other platinum group metals that are being identified in the XRF scans. It is our opinion that XRF scan results do not confirm the presence of iridium and other platinum group metals but with this information and other indicators we have observed we believe there is sufficient evidence to warrant further study."
https://twitter.com/SeanRaeZalewski/status/1788194011674562963
Sean-Rae Zalewski
@SeanRaeZalewski
We have discovered / uncovered the associated 6 foot in width and 8 foot in width veins as mentioned in last years PR associated with the new claims and ore pile.
In my opinion, this should be very a very bullish position for our shareholders as it exponentially increases the probable reserves held by the corporation.
$sdrc
As a reminder the previous inferred reserves placed the low range of the assets before this claim in Warren at about $5 B when gold was in the 1800โs. That is based on the USGS data and Goldstone reports from the 80โs and various other geological reports over the last 20 years on the sure.
9000 ft confirmed distance on your property. Peak if the structure is about 1 1/2 feet in width with a lower width of 4ft running over 800 ft deep.
Now add these others and it gets really amazing.
Cheers
https://www.youtube.com/watch?v=970FPNqnMWM
Youtube Video, "Gold & PGMs under the Microscope!"
Dan Hally:
"We did some modifications to the entire circuit. We took some components out of the circuit. We've just done a lot of work and a lot of testing, and then you have to send it off to the labs to see if what you're doing is correct. There's gold, and what we suspect is a PGM. There's some gold there, a PGM possibly, gold, gold. You just see a lot, and this is just, again, a small dip in what the tables are concentrating. There's a floater in there that needs to get out of the way, but it's kind of interesting what we see now. This here is silica. Another word for silica is essentially sand. Okay, you can also see the dark materials in the silica. Now, that's some pretty interesting looking stuff right there. Not a lot, but that may very well be a Platinum Group alloy. You know the stuff floating isn't, but what I'm talking about is the silvery gold-looking material that's not floating around. If it floats, it's not gold. Not in a pan anyway, but you can see some more of it there. So, we're having to figure out how to deal with the silicas, how to deal with the gold, and what we're working on is a circuit where we're going to recover the free gold first. We're going to get that free gold before it alloys. Here's just another example. This is just out of the number two cons, again just a dip in the pan, and let's take a look here to see if we see any gold. You see a lot of this silvery material; well, we suspect that this is part of the PGM family. I'm going to set this down here a little bit, just so I can get a better zoom in on it for you. It's a little tough, I'm sorry. It's a lot easier when I'm not holding on to it, but what we're looking at there is what we believe may be some Platinum Group Metals. Some of the Platinum Group metals are worth $5,000 plus an ounce, and as you can see, there's a lot of that material here. So, we're having to do a lot of studying and a lot of work, but what we're seeing is a lot of gold. You can see gold here, you can see gold there, and the different stages of oxidation for the gold. That's what we want to recover. Oh, there's some good gold right there. I mean, that's a pretty nice-looking bit of gold, and why is it that color? It has to do with the oxidation, so the pyrite oxidized out of that. Again, you can see what may be the Platinum Group stuff, but there's more gold, more gold. I'll just show you what the pan looks like; it's pretty impressive. What this means is we think we've got this dialed in and how it's separated. We're still doing work, we're still doing testing. We have another geologist on board, a guy who is actually a mentor for Steve. I mean, you've got two great people working to solve this problem, and it's not even really a problem, it just takes time. This stuff takes a lot of work. You have to understand this to do it the right way because what we're not going to do is spend a bunch of money getting a bunch of equipment that isn't the right equipment. The work we're doing now is putting together the knowledge and information we need so we can put in the right facility for the long term. We're talking about a project that can run 20 to 30 years and cover a lot of ground. That's what we're doing. It just takes some time, so everybody's just got to be patient. But what we do know is we've got gold. Dan Hally signing off."
https://twitter.com/SeanRaeZalewski/status/1806709232898551953
Sean-Rae Zalewski
@SeanRaeZalewski
We have discovered / uncovered the associated 6 foot in width and 8 foot in width veins as mentioned in last years PR associated with the new claims and ore pile.
In my opinion, this should be very a very bullish position for our shareholders as it exponentially increases the probable reserves held by the corporation.
$sdrc
As a reminder the previous inferred reserves placed the low range of the assets before this claim in Warren at about $5 B when gold was in the 1800โs. That is based on the USGS data and Goldstone reports from the 80โs and various other geological reports over the last 20 years on the sure.
9000 ft confirmed distance on your property. Peak if the structure is about 1 1/2 feet in width with a lower width of 4ft running over 800 ft deep.
Now add these others and it gets really amazing.
https://twitter.com/SeanRaeZalewski/status/1808163389715226905
Our on-site third-party geologists have observed that the ore from this vein appears to be consistent with the geology of the tested and ore stockpile. $SDRC #GOLD #PGM huge densities! #WORLDCLASS #PLATINUM #SILVER #IRIDIUM #REE #OSMIUM
https://twitter.com/SDRCMINING/status/1808161227312427148
This is a dried sample from the Little Giant - Lucky Ben vein. It looks nearly identical to the stockpiled ore. The same materials we suspect are the #platinum group metals and the #gold.
All samples are being dried and prepared for shipment to the assay lab in Germany : $SDRC
#Idaho #Gold #Silver #PGMs #Mining #Production #Progress #WorkContinues #Invest #America #Success #Video @wfmining
https://twitter.com/SeanRaeZalewski/status/1812867243610411252
Just wait until we get to publish the next set of assays! #GOLD #REE #PGMS #IRIDIUM #PLATINUM #SILVER $SDRC #PALLADIUM #OSMIUM
surrealistrader
2 weeks ago
Why make up numbers at all?
Lay out your model for extrapolation for all to see, make projections based on operational updates. That's exactly what they have done. The math may not be exhaustive, nor measured, but its inference, and all mining companies arrive at inferred values before measured ones. It's incidential that most inferred projections are revised down when they become measured. What is unclear to me, is whether or not we will ever arrive at a traditionally measured reserve besides the ongoing updates of production, analysis of output, the eventual revenues, and subsequent expansion.
You may not see any point to it Gitreal, and there may not be any if your only goal is to figure out how much gold they have, or expose inconsistencies. For investors (of which you are not), this stock represents a disproportionately steep risk to reward setup, and an under-the radar one, interestingly enough, taking unique advantage of its precariously unconventionalness. It's their undervaluedness, because "No serious investor would take this seriously," is presented as the core proposition in the near term; An asset rather than a liability. Breakthrough revenues, revenue growth, and a dividend are concrete, and are reaching for interest beyond this industry and into generalist investing.
Money will flow, and it will transform this company, that's what most occupying the bid care about. The company could (to use a term I heard Mark Bristow use) "high grade" the hell out of their first year, nobody will ever know, and SDRC go on to use that money to expand even more vigorously than in previous years, and nobody would ever care in retrospect because they have outpaced their mineral depletion with replenishment, growth in scope of their operations, while making use of their new financial means to get all of it done to an ever rising standard of certainty.