There has been a fair bit of speculation about a potential buy-out of the CNJ/GSR MTJV on this forum (and the GSR forum).
IMHO, if CNJ and GSR do announce that they have a significant discovery in the eastern part of the R63/4 tenement (fairly likely IMHO), it is probably quite likely that it will IGO (not GAL) and Mark Creasy who would be interested in taking over the entire MTJV Project from GSR and CNJ.
It is already common knowledge that IGO and Mark Creasy are already agressively looking to acquire exploration projects that are at an advanced stage (with the view to securing critical and other metals supplies for both the Australian, as well as the international markets).
In fact, if I was IGO and Mark Creasy I would already buying a large chunk of CNJ (maybe this accounts for some of the massive trading volume in CNJ?)
Given that both IGO and Mark Creasy already have major shareholdings in GAL, this would definitely be a win/win/win situation.
Just saying.
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