Agree with the sentiment that this could be a distraction to the graphite play, however it could easily be complimentary too.
- This tenement could be the bargaining chip for a joint venture. A gold company looking to dabble in graphite to de-risk exposure to the gold market,
- A straight up sale to provide cash for BAU operations rather then needing to raise capital at some point,
- or provide enough of a pump to the SP that when they cap raise some time into the new year its at a price that none of the current share holders will complain too much.
I for one am going to take management on their word that they are going to stay focused on Siviour, bottom dot point of the highlights.
For those wondering about timing, check out who else presented at the Mining South Australia Webinar last Tuesday. Havilah (HAV) had their technical director present on REE and the link to gold production. The tail was largely parallel to RNU regarding low sovereign risk, removing dependency on China and appealing to the SA government to support the next generation of mineral production.
Good luck all, hope we can stay green for a while.
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