How low?, page-2

RDM represents extreme value at current prices...where the floor is will probably depend on the markets ability to sell off good quality stocks due to boredom which is normally A+. Management have spent the last 12 months building in quality targets to drill. The action of these from secured leases to drilling being undertaken should see some renewed enthusiasm for the stock. We are now in a market where fundamentals stand for something. You can no longer be a pretender, drilling rubbish leases and expect an automatic rerate.

We have played the long term game, avoided the carnage of lithium, the cobalt washout, and have secured sites to drill next door to some of the biggest drill hits (RIO and BHP) seen in 2018 which even compared to long standing historical results are outstanding.

To position a junior and guide it from the rocks takes experience and strength in decision making.

The tortoise and the hare, slow and steady wins the race, focussing on quality through excellent decision making by management has the dots lining up for RDM in 2019. The last 12 months has seen quality built in. The market may sell this back slightly more, but you would have to think at some point those that sold may rue their decision as the targets are slowly drilled. Absolutely no guarantees but management should be commended for doing everything right and setting up a big 2019 and beyond.