RDN raiden resources limited

Daily Discussion, page-3354

  1. 6,114 Posts.
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    Itsagas,

    $1 bit far fetched. 3b cap, not until an idea of lithium resource.

    Remember azure is 1.8b cap and 1.5 years in front of Rdn on drilling metres atleast.

    Needs 20,000m drilling minimum for scoping.

    20c is plausible on 5 positive drills 50m apart for 250m long proven strike at andover south as a starter.

    We await arrow drill results. If lithium is found in them, 10c sooner than later, because proven to hold lithium not just on the surface then.

    Arrow results at this stage are more important than andover south as its drilling results, not chip assays.

    Naturally that would depend on grade and widths at arrow.

    It does look like the ground drilled, may have been oxide.
 
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