I don't believe a raider will jump too early. I expect them to...

I don't believe a raider will jump too early.
I expect them to await further drilling results from both Paris extensions and the regional deposits. Far easier for a big producer to find a banker with more ounces in the ground and a higher Ag price in the future.
Also they will be watching for the granting of tenement applications ( below) which are not being competed for currently. These add significant value to any takeover. I could be wrong but I don't expect one in the short to medium term.

The Uneroo Exploration Licence Application covers 332km2
immediately abutting, and to the SE of, Investigator’s Whitatta tenement in the Stuart Shelf with potential for Zambian style stratabound copper;
• The Nonning South Exploration Licence Application covers 14km2
immediately abutting, and to the west of, Investigator’s Uno and Morgans tenements;
• The Corruna Exploration Licence Application covers 121km2 immediately abutting, and to the SE
of, Investigator’s Uno and Morgans tenements; and
•The Yardea Exploration Licence Application covers 278km2
immediately adjacent to, and North of,
Investigator’s Peterlumbo tenement, which hosts the Paris Silver Project.