"While the feasibility study is focused on the West pit resources only, it should be noted that this is considered a Stage 1 production scenario. Stage 2 would look to take advantage of other deposits and targets defined within the project area to potentially at least double the production rate and project life."
I think that this is the most important statement. Comparing this to Atlas, I estimate up to a $4 share price in 3 years is possible with 100% dilution from here.
RHM Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held