RE: Hey YoYoLetit,
Thanks so much for the kind words. It's nice to finally see civility and positivity return to this board, which is precisely what I expected once the sector started to turn back up.
I have had my hand in many, many juniors over the years, and probably know as much about the sector as anyone in North America. I'm not always right, but I have a pretty good idea where the value is, and now that the PM juniors look to finally be waking up (still the early stages, mind you), I expect some very exciting things to happen.
There's a reason I've spent so much time and effort following SDRG, and that reason is its ASSETS.
The Mexican assets are well above average, in my view, and are getting ready to start producing. And I have high hopes they will be grown considerably once the Company starts spending capital there anew.
But CHINA is why I bought this stock back in 2006, and frankly to date the Chinese assets appear to be far better than I expected. The fact that Shengda, the largest silver miner in China (which is about to go public) bought into the exploration properties and is aggressively exploring with an aim of relatively near-term production tells me something real special is there, especially at Dadi. And the results there so far clearly demonstrate this potential.
And how Marc not only kept the ship afloat during the Perfect Storm, but actually advanced the properties without diluting the stock, was sheer managing brilliance. And I fully expect the 70%-owned Erbaohuo property to be monetized as well by the fall, given that it is clearly a non-strategic asset and clearly, based on the Feasiblity Study, is worth something material. It's comical to have watched all that criticism come his way from sour grapes investors, when in fact from an objective standpoint it's hard to see how he could have done things better.
And the real beauty is that due to these two years of trials and tribulations, I believe he has quietly learned (with plenty of help) how to run a professional organization that goes about all of its business the way it ought to. Thus, when this next upturn really takes hold, I expect SDRG to respond better than the great majority of PM juniors, especially due to the strong and growing ties that have been built with Shengda and HIC in China.
Tick tock, tick tock.
yoyo