Hi Kajornsak, Thanks for sending through the notes. I would not...

Hi Kajornsak,

Thanks for sending through the notes.

I would not have thought $20m is unreasonable for a major drilling campaign in as remote an area as Tollu. I think that it is plain to see that the strategy is to raise a couple of million now to drill some plump, well targeted holes. With some copper in the cores, you then do a roadshow to get some momentum in the sp. Then you do a bigger cap raising at a multiple of 11.5c to get them through to a JORC/PFS. It is speccie junior mining 101 and it works.

No idea about Argonaut's style though - whether they are in it for a stag for their clients or whether they get some more 'sticky' holders.

Should be a pivotal 6 months ahead for RDS ... but extremely speculative at this stage. The sort of stock that can be extemely lucrative but also one where you dance near the exits!

Chrs GA