I don't think it's an offtake agreement or anything else in the woodworks right now.
All the Lithium miners have had large gains and are much further in their cycle. If you want to have large gains based on the coming car electrification boom, you need to look into other aspects of the battery than lithium.
Graphite is the other commodity in batteries and despite its abundance and its synthetic alternatives it is a low risk large scale mine that RNU can offer - therefore reducing souvereign risks to car makers. Car makers have approached Lithium miners to secure supply - why shouldn't this happen with grahite?
Souvereign risks are the key imo to get battery makers and car, storage makers into this. Possibly.
I hope to see RNU creep up until we do actually see offtake agreements later on (months or year away).
JUST my opinion, dyor.
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