dont see RRR being able to go above 30% in RSL for many reasons that i am aware of and also some that i am not.
it is a significant figure though.
RSL cannot afford to build a stake in Cue but RRR can.
Cue has 10mlb U308 resource which they expect to beef up to 20m lb.
This is the difference between an explorer and developer and the lb in the ground is what the big strategic investors are after.
I would not rule out some kind of consolidation between assets held by RRR, but the near term goal is to get RSL back trading again.
But there is no doubt that RSL is in a good position with RRR able to feed projects in when the time is right.
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