very quiet, page-46

My thinking is that Andewa is on the big boys radar but there is no prospect of any takeover offer until the project is far more progressed. An initial substantial jorc would be needed at least.
Boards of these large companies are very risk averse( read protective of their collective rear ends). Time and time again I have seen projects bought for many multiples of the price they could have been bought for at an earlier stage but they don't take a punt they wait for the surety that they can make good profits.
They would rather spend a billion on a sure thing than take a 200mil punt that what they thought may be there was actually there. Lets face it Andewa going on it's size will be worth billions in profits if the grades and tonnages stack up so an extra few 100mil is nothing compared to certainty in the resource and billions on profits.
Shareholders would lynch the board if they took the punt on something that didn't come up to scratch so conservatism reigns.