pros and cons

I view but don't post often, but would like to forward the following pros and cons to see if anyone can shed a view on why the SP is at it's current (low IMO), as I am stand offish topping up at the moment;

Pros
- Proven resource
- Co investigating where to build the haul road to Adrail
- Pilot plant on track
- Phosphoric acid in demand for ag

Cons
- IPL involvement was a nice announcement, but these guys (IPL), don't go for greenfield projects, they buy and operate proven brownfield projects. Is Nolans different ?
- In the current cash climate, various NT potential projects are stalled due to the cost of finance; ie THR , I know ARU should not be compared with THR, but the fact is without a financing partner, is there a potential for Nolans to stall in a similar mannor to THR, or TNG (Yeh Opes and lawsuite, but they have a great in ground resource) but are all but shot at the moment.
- Is a issue about to be announced, would explain a bit.

After a weekend of pain - Wallabies lost, Storm Lost, Hoping for a lift in ARU to put on half a smile.