If I were to consider an entry I would do so after it could be...

If I were to consider an entry I would do so after it could be demonstrated that a resource of economic grade is available at RoD with sufficient tonnage to sustain consistent production for at least twelve months at an acceptable aisc. The resource need not necessarily be JORC compliant as this level of confidence requires extensive drilling which comes at a significant cost. This time frame would allow ongoing drilling to replace and extend the resource as it is depleted by mining. The main access at RoD is at creek level so any resource below that level requires haulage whilst any above has Mr Gravity to assist. The internal shaft would require dewatering and full re-furb but it’s mere existence is a huge plus.
The foregoing means nothing without numbers attached to grades and costs together with a myriad of other considerations.
If the company were to progress and have success along these lines the share price will rise in sympathy (subject to dilution due to capital raisings etc) and I might consider that I have missed my entry point.
Having said all this I have rarely, if ever, in recent times seen any similar project in the eastern Victorian goldfields progress to the stage of paying shareholder dividends. I AM NOT down ramping - just calling it as I know it.
If RoD can continue to display promising results there is every prospect of a better share price but tempered by capital raising dilution.