Daily Discussion, page-77

Jas, raiden has Mt sholl ni deposit.

Azures andover ni deposit is valued at 100m by bell Potter.

Mt sholl is larger, worth 125m.

Raiden is still trading below valuation as azure is.

Erw I believe is at the end of the li swarm, the most sw.
It narrows I believe on Erw.

Raiden as more ne is in a better place than Erw.

Also raiden is directly south of andover ni deposit, andover ni deposit is open facing raiden.

Gre, have tracked pegmatites but the average width is 2m. Not Compelling.

Raiden at andover south has tracked 30m wide pegmatites. Compelling.

Up at arrow, they are on a shear, that is sw of novo.
They have intrusions. Two of degreys deposits are intrusion deposits.

The above is why raiden is hotter than Erw and gre.
Azure hot, but it's 1b plus cap.

Raiden 90m cap with a fair target of 200m.

200m minus 125m Mt sholl ni, leaves 75m for li plays.

1. Andover south.
2. Mt sholl
3. Arrow.

On nickel, all 4 deposits at Mt sholl are open, there longer than wide.

They will widen up as they run off over an ultramafic flat bed.

Mt sholl potentially has 125m tonnes of ni ore, with copper and pge credits easily.

Mt sholl at the moment is the largest undeveloped ni/cu open pit table surface down deposit in the pilbara with scope to increase it's size 5x.

The first drill campaign by raiden at Mt sholl was predominantly twinning historic holes to validate widths and grades.

That drilling returned better grades than historic.

The above is why I cleaned up Rdn at 0.4c in may and rdnoa from 0.2 in may and June.

It is why I also hold, even with a 1000% gain already here.

Another reason is the large line wiper after 2pm most days that is not fussed to push up the sp and pay more themselves to get bulk quantity.

I did add 2.6m Rdnoa the other day at 1.9c, well above my 0.2 entry as I still saw value and it being 0.5c undervalued against Rdn.