I've read the rozino mine csa, technical report. Close to 300 pages. Took 8 hours.
Raidens drill results are equal or better. Wider mineralised zones, grade about same.
Early stage but looks like raiden might have a breccia-conglomerate basin.
Strip will be lower than rozino, rozino does not start at surface, whilst raidens has no cover to strip as surface starting.
The only issue I noted at rozino was 80% metallurgical recovery. That would be due to the nuggerty nature, plus if alot of clay involved can poss recovery challenge. Gold floats on clay.
Rozino has a npv of 123m and that was based on $1600us an Oz
I doubt this will be millions of ozs, rozino is just under 400k.
If same dimensions raiden could get 500k or bit more as mineralisation thicker.
The plant needs ore, as one mine closes in the area, so if decent ore qty exists, there would be a buyer for plant feed.
Based on rozino sale, around 70-100m. Depends on end ore resources, gold sector etc.
To early to call end game.
RDN Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
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