IGO and the market need to see what the discovery potential is still. It ain't a no-brainer yet.
How retarded will they look if they pull the trigger too early and the deposit turns out to be marginal or sub-economic? Nova will never pay back its purchase price, IGO are not the smartest business entity on the market, they are propped up by cashflow from Tropicana.
As I understand it Creasy's Silver Knight doesn't stack up and there are many other sizeable deposits around Australia that will never make the cut.
The old adage, many a great deposit is destroyed by drilling is something to think about.
Given results to date, maybe this is the real reason the rigs are parked up. Allow speculation and rumours to build, smoke and mirrors stuff. How hard they push the drills and feed the market will speak volumes.
This will be a fun stock to watch. GLTA.
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