Just maybe the INL board got an offer they just could not refuse. Phil Wood did say that INL would be cashflow positive in 6 months. How that would occur is open to conjecture at the moment but I suspect it will go the way of as Phil said today by the preferred route in a JV with partner who has a mine or can supply other recyclable materials whereby INL supplies the IP and tech and the miner supplies the ore or similar eg metallic waste+tailings+ore. Perhaps by going this way INL would get the benefit of an upfront payment for the IP and the tech to build the plant and thereafter both JV partners benefit. The royalty route was not a preferred route.
Just maybe the INL board got an offer they just could not...
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