The fisherman,
I'd been tipped into rdn by tolga.
He bought raiden for Mt scholl and Arrow.
I remember when they did the cr at 0.3c and when I ran the ruler over Mt scholl I thought this is insane.
Mt scholl is a reasonably flat deposit that is open in most directions. The 3 zones also are in a more circular fashion, versus long. So potential there is widening in that inner area towards each zone.
It all ultramafic also in that area.
Same I liked arrow being a degrey holder before hemi was found as I liked there results early.
Degrey back then, on every drill, it was deep, open and wide mineralisation, one drill after another.
Yet it was capped at less than 10m and under 5c then. Nobody seemed interested for along time.
Bit like azure in the early days. It seems to get valued up as investors want concrete evidence, versus early stage hints.
But your leveraged gets eroded fast if success is had, by not being early.
When raiden came up short on the cr, a mate of mine offered to take the shortfall. There was no reply from dusko.
That told me at the time, dusko was not to concerned about the shortfall as nearly 100m shares were in play.
Then only a month or so later, Andover lithium came on the scene and raiden jumped as azure was hot and lithium was.
I note tolga did not sell at 8c, maybe that should tell us something.
With raidens maiden drilling, they choose to drill surface found targets, but neglected to drill there magnetic featured targets a few 100m south.
If one looks at the airborne data, the targets and channel they identify now, has always been there in the south.
One of my reasons when I interpreted the Geology I have said south was based on magnetics.
Other factors derive that view also. Land upheaval is one, fault alteration and a few others.
The next round of drilling should be more reliable as generally we do start with targets we find on the surface. Especially if we have overburden cover.
It pays off many times, other times not as raiden found out when you neglect your magnetic targets.
Plenty of cash to give it a good shot, investors should view that highly because many explorers are not fortunate enough to be sitting on 16m or thereabouts in cash like raiden is.
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