The PEK placement is nearly identical and showed the same...

The PEK placement is nearly identical and showed the same confidence in a strategy of obtaining enough money for the short term, at the current SP, in the belief that the SP will have substantially risen by the time they need to go back for more.

The Veritas report speculated that the mine development would be primarily debt funded, along with a CR of about $10m at 50c, but this strategy leaves it open for a raising of $10m, if that is what they will need, to be done at a higher share price. Hopefully around $1. If that pans out the overall number of shares that Richmond will have, may never get to 100 million.

This low number of shares is a key aspect of the upside of RHM, that I'm pretty sure is being overlooked by the market.