Madsaac,
Raiden has four main projects.
1. Vuzel (gold)
This is gold overseas. They will be drilling and if certain milestones are meet , they can move to 75% ownership.
It is a good asset with 1m Oz potential.
A project over there with 1m Oz, sold for 100m recently.
Raiden could potentially sell that for 100m under all the right conditions. Drill success, boost in ownership.
2. Mt scholl (nickel, copper)
Already the largest unmined nickel open potable deposit in wa.
The resource is open in depth. There are 3 zones and open in most directions.
The deposits sit on a flat ultramafic bed.
Drilling to date has been shallow, it is a robust project with 80,000m historical meters drilled.
Potential is 100-150m tonnes of ore.
Copper also features in the Mt scholl deposit, also north of the deposit, gold exists on east / west tend.
Mt scholl is why I bought raiden as I see a large increase in resources. Arrow played into my purchase also.
3. Arrow (gold)
One tenament has hemi style faults and splats.
identical to many of degreys satellite deposits, outside hemi.
The tenaments could yield a large deposit, or not.
Assays, results from aircor I believe this month as drilling wrapped up 19 November.
4. Andover (lithium)
First pass drilling of 7000m. Only 2240m of drill results received.
Zone 7 appears best. Assays due for that area in January.
15,000m total drill campaign, half is complete.
Most times on greenfields, early results are hit or miss because Geology is unknown under the ground.
At Andover, all they need is one or two decent hits, out of around 40 drills.
Meaning if 38 are barren, irrelevant.
Going forward with one or two strikes is more than enough for me.
5. Money.
18m cash. Alot more than most explorers capped around 40m
6. Projects in Oz.
All good.
Mt scholl open and already largest unmined open pit table Ni deposit. Very robust with another 100m tonnes ore
Arrow and Mt scholl, next door to large deposits.
7. Markets.
They view a company day to day, not what it will be in 6, 12 month time.
Unfortunately most investors are classified as wanting a fast buck with no patience.
Raidens top 20, and there the ones with money, have been sitting solid before Andover lithium.
8. Other.
The markets seem to be comparing raidens Andover results with azures results.
But the compare is not azure early stage to raiden early stage.
The compare is raiden early stage to azure advanced stage.
Early results at azure were very similar to raidens.
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