to be honest all this deal has done is sell off Mt Scholl - some what cheaply IMO.
So those in the market that think same will be selling RDN.
If it does go to mine we will end paying $5million to Welcome or whom ever we acquired it from just to get a 1% smelter right.
I guess in the meantime over 8 years we get $10million back, but all in all just small deal nothing great in it for us.
I was hoping for a deal like some one buying a 10% stake of shares at 10c say 240Million and we use the money to develop the resource, but this deal is just a slow bleed at best IMO.
Ann: Raiden enters strategic partnership with FQM at Mt Sholl, page-56
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