Apart from initial Met results I can’t see any other news unless...

Apart from initial Met results I can’t see any other news unless we get something out of left field.
At Mt Sholl, Raiden has a rare open pit sulphide deposit that provided the Met is ok will be very valuable in the future. As mining was previously undertaken at the B2 deposit without any problems I don’t foresee any worries in this regard.

If we use the current price of Ni which is US$24,131 per ton and Au which is US$1,996 per oz I have calculated the following:-
20.3 Mt @ 0.58% Ni = a metal in ground value of US$2.84B.
This equates to
20.3 Mt @ 2.18 g/t Au for 1.426 Moz = a metal in ground value of US$2.84B.

An open pit gold deposit of 1.426 Moz grading 2.18 g/t in Australia close to excellent infrastructure would demand a price of many times the multiple of Raidens MC which just goes to show how much RDN is currently undervalued.
AIMO.
DYOR.
Jim.