Between management knowing about the potential + lots of us retail who also see the potential, a hostile TO would be difficult. But yes, a major getting an entry point cheap on market is completely possible, though I question if they would want to enter now and take the risk. It's incredible upside if things do work out yes...but majors don't normally take the kind of risks we are comfortable with.
I'll be saying no to any takeover under 5b after reading what the Canadians had to say about the geology. Combine that with our ability to DSO and not need a major for major capex it's worth playing this one out and seeing how it goes. All of this is my opinion, everyone else has to make up their own mind.
Don't forget the indium too!
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