Some of the gas from the combustion of the shell and used to cycle the action is getting into the forend nut. Since the gases are warm, the moisture in them condense inside the nut and voila, there's your rust. This is actually normal for a 391 but it's not a good thing. If you leave that nut on long enough, it will rust in place and you'll have a very hard time getting it off.
Best advice is to keep the threaded spindle well greases when you screw the forend nut into place. Also, I flood mine with BreakFree CLP everytime I clean the gun. I hope that some of the CLP stays in place when I pour it out and is helping guard against corrosion.