surrealistrader
6日前
I think the vision for this company is all wrong under Sean. They should have kept their small scale gold endeavor honest and transparent. They should have kept going with the laser mining development and reconciled its potential with the mining during feasibility. There’s a very likable story there.
This live hard play fast bullshit under Sean destroyed SDRC. There is certainly not a nationally important resource here until it’s proven properly. Diversity hires, and spending so much time and money towards ESG and government ass kissing over a sea of minerals that don’t economically (or dare I say physically) exist yet is wrong for this company. The potential was in building and growing this brand the way it was, keeping it clean and honest and transparent, and keeping with the work ethic. I believe the laser mining, though not an impending success by any means is a worth it vector to invest in and does have long term potential. Killing the project in order to wait for this magical billions to be unlocked from mining a partially depleted region without feasibility in place was wrong. Mining revenue or bust is wrong, and it was guaranteed so by how money was spent. That 7 million injection turned out to be a disaster in Sean’s hands and it should have been used to expand and strengthen what was already strong about this company.
I’m pissed at sunny too for just getting on board with all of it, and resorting to bullying when those who supported you but were conflicted started to disagree.
surrealistrader
7日前
I do believe Sean is trying to get the company or its projects bought out.
Could this be a plan B or was it a plan A all along?
They engineered a payout for management in the meantime, and in the event of a successful transaction the preferred shares (not common shares) have a guaranteed percentage gain. We know that not because it was disclosed officially but because it was anecdotally from flying so many questions to Sean about why a company who has never issued shares that weren’t common shares is now diluting via a new share class with opaque conversion terms.
It’s too bad Sean is so clueless about what mining developers and producers need as far as mineral resource development and de-risking… they could have spent the cash they were given well towards such things instead of the parasitism that ended up taking place. I’m afraid their gold and silver claims will value as undelineated, underexplored, non-derisked, and will have to factor in a certain level of depletion as far as historic mining records are known to us. The old timers saw this thing as economic at one point then decided to walk away at another. Contemporary owners of Unity held onto the claims for so many years and decided to walk away as well. Without enough qualifying data, prospective buyers will speculate and infer as to why.
surrealistrader
1週前
Investors deserve mineral resource reporting that counts in capital markets.
As a non-revenue-producing startup, 7 million in cash from investors was collected and spent in 2025, 1.3 of which was directly paid to management (now on quarterly role). Not one dollar of which was spent on, for instance, an in-situ sampling campaign overseen and reported on by a regulatory-authority-qualified geologist. Not one of those dollars spent in pursuit of an industry standard MRE. If all in on metallurgy and production, still not one ounce reported sold out of their core mineral thesis (gold and silver).
They built buildings, they purchased equipment, they dug deeper, they expanded their mineral rights footprint, they appeared to spend a lot travelling in order to appeal to politicians…. All without pursuing an actual derisked feasible resource for investors and prospective partners/acquirers. They supposed economic contribution of (countless) new minerals without delineative exploration nor feasibility studies or cutoff grade analysis. We have no idea how many dollars have or will be spent to make how many - and we have no idea when (if ever) we will find out. On top of all that, it appears that an entire list of simple promises and projections made public by management are found to be completely unreliable, and by track record alone, likely wrong.
What, really, is investable about this business anymore?
Remember their drill campaign from 2021 and the follow up recommendations? Remember their Raytheon/IPG Photonics “partnership”? Their laser aiming prototype? Spallation in the lab and plans to field test? Remember when they were actually talking about mining in outer space? Remember the no drilling recommendation from groundhog and “production in two years?” Remember the (supposed zero-cost-to-sell) stockpiles that magically appeared in the woods off their properties? Remember when they showed us a piece of slag which turned into a full blown meteorite-derived PGM thesis across the entire district? Remember the poured gold bars direct to consumer talk and Sunny’s AISC? Remember the SEC auditor hired and uplist to a bigger stricter exchange in one year? Remember Kaplan’s big play on the region? Remember the government grant talk? Remember the recent buyout/JV talk?
What is this core business anymore and what flavor of the week distraction do we need from it?
gitreal
1週前
Hopefully Don will insist on something similar to what you suggest (registered professional oversee sampling, prepare an actual technical report) before he jumps on the bandwagon for the Unity "discovery". Not sure how he was convinced by Sunny and Sean to take on a speculative "bet" on SDRC given the shenanigans with REE, PGMs and meteorites. Would he have to disclose if he were offered free/discounted shares?
BTW, that Unity report was prepared by Art Flagg (or at least the letter attached to it), who was a very well known Arizona mining engineer. Obviously, he evaluated mining properties in states other than just Arizona. I ran across this article: https://www.msaaz.org/articles/8614405. Looks like after his mining career was tailing off, he became a big name in the rockhounding community.
surrealistrader
1週前
That's a fascinating subject. I do concur that times were extremely tough because good workers (besides immigrants) were all but gone to fight in the war. Ironically, the stock market was booming so the stock selling theme and language was very much alive. My reading also confirms erratic and over the top language especially as a company tries to re-commericalize, re-attract investment to previously defunct operations (see New Rambler or BYRG). I've seen the theme repeat across both world wars.
Using material like this to inform current operations, without following up with modern compliant reporting is a tactic that the Sunnyland / Steve Cyros suite of stocks has held onto dearly. All of them use something like this to shamelessly market legacy mine workings, and their dumbed down audience eat it right up. Some of these old newspapers and "engineering" and "technical" reports have no shame at all in the speculative language they use, and we have no way of verifying the truth if these companies perpetually remain in start-up mode, collect and deplete investor capital, and never provide industry standard reporting or hire registered geologists. This one of the reason why since then the investment-world has adopted standards now put in place by SEC in US, and in Canada under ni 43-101, etc, to protect investors from this stuff. OTC is where companies go to avoid such scrutiny and rules, and its obvious why these do.
gitreal
1週前
Mineral reports written during the Depression are always a bit suspect. Times were tough, even for mining engineers. I remember reviewing a report on a copper property, written by a mining engineer in 1928.... described it as a marginal prospect, not recommended for any further investment. Same engineer, same property in 1931.... described it as one of the finest properties he had ever seen, destined to become one of Arizona's top producing copper mines.
A 1933 report about a fabulous gold deposit that miners, for some reason, walked away from.....is a bit suspect.
Are there PGMs at this new "discovery?
surrealistrader
2週前
So, they "discovered" a 1933 report about the Unity and there's now a video of the bro's Dan and Steve geeking over it. Let's pass the Crisco tub around for 11 minutes while we watch and listen to words like "Huge!" "Absolutely Massive!" "Ore for x feet" "Full of visible gold" "Exponential". Dan says the un-mined and under-explored orebody "Carries" and he proposes to Sean some kind of superficial sampling (or even drilling) WHILE they mine so that they can claim that they have "proven" the whole thing. Sean then urges them on to make wild value projections based on little to no information, and then they suggest something like scanning it with drones and "neutrinos."
This must have been some report they "found" 😵 ... but even more looney are the assumptions they derive from it. Its just risk-clueless and nuts to move forward underground with the level of verifiable information they have. I mean, the standards are just so so low for a "STARTUP" that pays management 1.3 million per year and has an operating cost of 9 million over two years.
Speaking of legacy workings called "The Charity" I think that's not much unlike what giving these guys hard-earned cash is. There's no economic sanity here, nor is there any sense of financial stewardship as a public company. They assume everyone here is a gambling fool like them so that's how they talk to each other, us, and its how they act. By now, they've whittled down their audience to a small bunch of gripes who wouldn't recognize a sound gold mining investment if it smacked them in the face.
surrealistrader
2週前
Every time they expanded their land footprint in past several years, they made new “discoveries” that the former owners missed.
Isn’t that incredible.
Where can we learn about the sampling methodology? Where can we see the reports and the accreditations of those who prepared them? Can economic contribution of a mineral be claimed without formal cost-modeling and cutoff-grades established? Perhaps, sure, to their OTC-bro audience, but what about anyone important to their success as a true mining junior?
It seems SDRC will shield themselves from scrutiny for as long as it takes to who knows what end. In my opinion, everything they release before the SEC-standard, 43-101, etc compliant reporting shouldn’t be considered for much more than its entertainment value. Let me guess, too expensive?
gitreal
2週前
SDRC’s messaging, while satisfying and exciting a bunch of gambling fiends and clueless fools
That's the target audience I was referring to.
SDRC is never going to attract folks who would prefer legit labs, credible mining professionals and standard exploration methods.
For $20-30K, they could retain a 3rd party registered professional to spend 2-3 days on the mining properties, grab a series of samples from underground and the most prospective ore piles, analyze for precious metals (incl. PGMs) and a geochem suite (incl. REE). And write up a brief report.
Why won't they do this?? Can you imagine how SDRC would absolutely explode if PGMs were confirmed?
Won't happen and it is obvious why.
surrealistrader
2週前
Once upon a time this was a likable story, an underdog, a renegade, a small scale upstart with dedicated people behind it, cool history… it tugged at the heartstrings and evoked the frontier romanticism of the Wild West and the gold rush. People invested because they wanted the story to succeed and the people to succeed.
Now those same people have market capitalized over 100 million. They opened up the formerly closed hole and more. They dug deeper and staked and purchased more land parcels. They now claim they’ve made new discoveries that the old timers overlooked. They now claim this is a nationally important resource, REE’s, PGM’s, Tungsten. They now claim they’re in talks with federal government entities. They now claim billions in unearthed wealth. They claim they are in JV/ potential M&A negotiations and have gone silent.
They got their 9 million and spent it. They haven’t hired registered geologists to sample, drill, and report. They have no formally presented case for profitability beyond “just selling some gold.” Material omissions continue to remain unaddressed.
Where can they go from here?
gitreal
2週前
They're not targeting savvy mining investors. Nobody who is a serious mining investor would have any interest in a company that promoted non-existent PGMs, meteorite impact theories, mining with lasers, and no credible technical reports.
Why have they been unable to keep a registered geologist/engineer on staff or even as a consultant?
Why, after years of promoting a property with supposedly 10's of $billions in mineral value, they can't produce even an ounce of saleable precious metals?
surrealistrader
2週前
Of course, mining professionals are not the target audience.
Is that why they spent $302,479 in 2025 and $489,702 in 2024 on advertising? If not to stoke and nurture industry relationships, what then? Who are they targeting?
For years, the pursuit of feasibility and reserves was brushed off as "too expensive." By way of something like a miracle, they got the funding they wanted... spent 9 mil in 1-2 years without the operational framework that would earn them industry support. They are still holding strong to the idea that they can do this all by themselves and bunch of risk-clueless capital.
We must consider the likelyhood, that in lieu of quality geological and economic data and studies, and credible reporting that might disqualify as well as qualify, they have been compensating for something fundamentally wrong all along.
gitreal
2週前
They talked to a lab that does work with DARPA! Wow, that's almost like working directly for DARPA. In fact, maybe Sean reports directly to DARPA? Yeah, that's it.
If SDRC produces a technical report detailing sampling of outcrops or ore stockpiles on their property, done by a truly third party, qualified and certified professional geologist using industry-standard QA/QC and sampling methods, with assays by a mainstream, credible lab.....and shows iridium (or any PGM) exists on SDRC property......maybe I'll shut up. Until that happens, I have seen no evidence there is a detectable molecule of PGMs on SDRC properties. This kind of X post by SDRC's CEO is why no mining professional could ever take SDRC seriously. Of course, mining professionals are not the target audience.
While we pursue significant next steps for the future of $SDRC @SDRCMINING we had a Great follow up call with a lab doing work with DOD and DARPA on Thursday.
A little of why are in conversation.
Iridium (the platinum-group metal) is a strategic/critical material for the U.S.…— Sean-Rae Zalewski (@SeanRaeZalewski) May 15, 2026
gitreal
3週前
They need lasers to break the molecular bonds between gold, silver, platinum, palladium and rhodium! Each in its own Homer bucket, REE in super sacks, and tungsten in neat piles. Lithium shipped straight to the Tesla battery plant, cobalt and nickel into the government strategic metals reserve!