RDN 0.00% 2.3¢ raiden resources limited

Ann: Significant Sulphide Ni-Cu-Co-PGE Exploration Target, page-25

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    Anyone privy to calculating the total resource value?

    I've gone with avg grade * tonnes = total resource.
    Total resource * Ni Recovery (.0071) * Ni price = $20M-$57M

    Not sure if recovery is .71% (seems low) or 71% recovery - if it is the latter I have $2.1B & $5.7B value before mining costs.

    Appreciate any help

    https://hotcopper.com.au/data/attachments/3808/3808120-09fefa5db59948763b1a56171ea508c0.jpg
 
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