Ann: Raiden meets investment criteria to earn 75% at Vuzel Gold, page-6

	Fluff / Buzzword	✅ What You Should Look For Instead
1	“World-class project”	Resource size (e.g. “2.5Moz Au @ 1.2g/t”), JORC or NI 43-101 report
2	“Significant potential”	Drill intercepts with grades and thickness
3	“High-grade system”	Actual grades (e.g., “8m @ 4.7g/t Au”)
4	“Strategically located”	Proximity to infrastructure with distances (e.g., “12km from rail”)
5	“Emerging opportunity”	Ownership milestone (e.g., “now owns 75% of project”)
6	“Major milestone”	Named event: feasibility study completed, licence granted
7	“Value-accretive transaction”	Deal terms, how it impacts EPS, cash flow, or cost base
8	“Well-positioned to capitalise”	Signed agreement, customer order, or infrastructure access
9	“Exploration success”	Number of holes, metres drilled, assays received
10	“Multiple targets identified”	Coordinates, strike length, anomaly size, planned drill dates
11	“In discussions with parties”	Binding term sheets, offtake agreements, JV signed
12	“Potential synergies”	Capex savings, processing costs, throughput benefits with numbers
13	“M&A activity highlights value”	Comparable transaction data (EV/resource oz or per tonne)
14	“Unlocking shareholder value”	Quantified impact on NPV, EBITDA, or cash flow
15	“Targeting completion soon”	Specific dates (e.g., “Q3 CY2025”) and status of workstreams

Quiz question: Did RDN use any of them.

HINT: PLENTY