The interest by the Luobupo group in Karinga Lakes is intriguing...

The interest by the Luobupo group in Karinga Lakes is intriguing considering the current resource size. Admittedly KL is close to infrastructure but the current resource size dictates either a small operation or a short mine life.
It will be interesting to see what terms are offered. It would have to be a percentage stake in the project, perhaps 25% and a guarantee to source debt.
Perhaps the real interest is in the other assets that RUM have. Lake MacKay would be a more substantial project.
I am following this from the perspective of a RWD investor. RWD has a substantially larger SOP resource which could increase dramatically based on new tenements acquired following the same Geoscience report that RUM has taken advantage of.

Good luck