RE:Separation newsThe world isn't black or white. They could also come with an NR stating that it shows promosing potential, but that they haven't figured it out yet.
The delay could mean several things. Either they just need a little bit more time to blow the market away with good results, or they need a little bit more time to issue an NR that will make sure the market won't burn GMA when failing at "first attempt" to split heavy REE commercially. The third option is that they simply are waiting for the european paperwork to be done for the PP.