RNU?? From my understanding they haven't even completed a BFS and MNS is in the process of finalizing their's.
I'd say with almost certainty that MNS will benefit from any rise in price earlier than RNU will.
MNS have binding offtakes and RNU do not.
Also look at the resource difference. RNU only compares their resources as graphite but if you look at the style of Graphite for both, MNS's jumbo and super jumbo flake is much more valuable than RNU's large flake.
This is from RNU's latest presentation, look who is in first place. MNS is also a lower cost producer
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