Ann: Trading Halt, page-105

To estimate Raiden Resources' (ASX: RDN) share price potential based on the economic valuation of its Andover South project, we can follow these steps:1. Project Valuation AssumptionUsing the earlier estimate, a project valuation of A$200 million to A$800 million could be realistic for a moderate lithium resource discovery. This assumes high-grade and sufficient tonnage are confirmed.2. Current Market ContextCurrent Market Capitalization: As of recent trading (pre-announcement), RDN's market cap is ~A$30-50 million.Shares on Issue: RDN has approximately 2.5 billion shares on issue (exact numbers may vary based on corporate updates).3. Share Price EstimateThe project valuation, combined with current share metrics, suggests the following:Low-End Valuation (A$200 million):\frac{\text{A$200 million (project value)}}{2.5 \text{ billion shares}} = A$0.08/share.High-End Valuation (A$800 million):\frac{\text{A$800 million (project value)}}{2.5 \text{ billion shares}} = A$0.32/share.4. Key ConsiderationsExploration Success: These figures depend on achieving favorable resource estimates and maintaining strong lithium prices.Additional Projects: If RDN has other valuable assets, this could further boost valuations.Capital Raising Impact: If RDN raises funds via equity, the share price may face short-term dilution.ConclusionIf the Andover South announcement aligns with high-quality drill results, RDN's share price could experience a significant re-rating. Near-term share price targets could range between A$0.08 and A$0.32, depending on resource quality and market sentiment.This projection is speculative until full details of the trading halt announcement are disclosed.