Cartsy, arrow isn't a fizzer. Just that Rdn did little work there.
East is novo, north is deg, west is gor.
DEG have discovered 2 intrusion deposits north of arrow.
Arrow has many intrusions. Also a sheer running from the novo side into arrow.
The issue in the past with Rdn is they spent to much time on overseas projects and really have poorly explored in wa.
But this year esp an effort to change there ways as I see it.
Up at arrow. Gor took 20% of deg, deg took 20% of novo.
You can see gor will most likely move on deg, then deg mop up novo.
That would leave Rdn with arrow right in the middle of a consolidated area.
Plus li up at arrow. It's already been drilled in the tenament next door.
Rdn have smartly acquired top ground.
Mt sholl area in its own right. Nice tenaments next to andover, and top ground just 30km from degs hemi.
Yes tolga is down. But he ain't sold. I'd assume his view is longer term.
You can not play greenfields with a short term view or you loose most times.
Just look at Chalice, Degrey, core, azure on resources found and the effect on the market cap. All were once sub 10m companies.
For Rdn, the risk is if drilling assays are poor, but if they match azure. 100m to 200m cap if they can replicate maybe 3 drills min early stage.
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