RDN raiden resources limited

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"I doubt they complete 15,000m by end November if a second rig...

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Gmeister

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31/10/24

07:48

Post #: 76387577
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Originally posted by mode1971: ↑

Novac,

I do not think a mre would matter. Azure would roughly work out a resource. Roughly because drilling I'd assume will be widely spaced.

Its about strike, if open and potential.

If they cover zone 1 and 2 until closed in length, plus some of zone 7.

That is the best they will cover with 15,000m.

I doubt if the system is deep, they will close off depth with this 15,000m either.

What I hope for around zone 7, is trend changes, and indicates a ns trend.

Early indications are it is on a different fault to that of zone 1 and 2 as different strike.

I doubt they complete 15,000m by end November if a second rig is not already drilling presently.

If what raiden has is identical to what azure has, it most likely is the sw portion of their deposit.

The buying today was accumulation. It stopped because the sell lines near the action did not bulk up to 5-7m shares to warrant another buy.

Generally when accumulating you want qty per line, but without buying out more than one line at a time.

They may allow drift on low qty, wait till decent qty builds before line wiping it again.

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"I doubt they complete 15,000m by end November if a second rig is not already drilling presently"

No kidding??

15,000m by end November is a figment of your fertile imagination - in order for you to justify the CR.

Post #: 76372674 Using your figure of 2,000m to date, gives just 6,000m by end Nov, with the 2nd rig.

Latest time lapse, 3 days work see dates, spot the difference:

Good luck everyone!

RDN Price at posting: 3.2¢ Sentiment: None Disclosure: Not Held
14 Upvote

0 Great analysis

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Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $13.80M

Open	High	Low	Value	Volume
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No.	Vol.	Price($)
85	49580103	0.4¢

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Price($)	Vol.	No.
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39	35008156	0.003
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