Always like seeing companies putting money where their mouth is, so adding a rig and throwing an extra $8.7mm at the drilling is no bad sign imho.
Resource growth from Havana deeps, Havana south and Boston Shaker all good signs of good resource and reserves increases for the BFS results in the Dec Q.
The extra expenditure, and JV enthusiasm doesn't exactly concur with the picture painted by some analysts and commentators of a pretty marginal mining operation. I"ll back Bonwick's judgement.
STB very exciteable atm, following Rosie results, but can't all be Rosie or IGO would be flying.
EL
IGO Price at posting:
$4.80 Sentiment: LT Buy Disclosure: Held
