Fair enough, I wasn't sure after reading that article at what...

Fair enough, I wasn't sure after reading that article at what point do mid/large cap gold miners start to get serious about making take over offers.

I thought it might have been too early for any sort of conversation like that.

Absolutely, definitely here because of Brian Rodan and as per the rumours, more recently Mark Creasy(Yandal Investments).

A lot of pre IPO work was completed by Brian that's for sure, 5 1/2 years of hard work by Rodan to get to where ICL is at today.

I also like the sound of potentially being up to 50million ounces of gold to be explored in their tenements.

With Rodan at the helm, exploration activities at the site were started by MCA in 2017 before the project's sale to Iceni Gold in December last year. Across the site, the company discovered four gold mineralisation styles including intrusion, related gold, orogenic lode gold, granitoid hosted gold and epithermal gold.

Rodan pegged the area knowing there was a lot of potential for gold mining, adding there are around 50 million ounces of gold to be explored. In order to form the project, Rodan worked with several other prospectors to join the tenements together and form a large continuous land package on the western side of Lake Carey. A majority of the tenements were purchased from MCA, a company also held by Rodan, while the remaining tenements were acquired from other prospectors or applied for by the company.

"I dealt with maybe 20 or 30 prospectors to put 180 tenements together, something that's never been done before," Rodan said. "The ground there has never been owned by one single company before, and we've just started drilling a few weeks ago. That's taken me nearly five and a half years to do that".

Iceni shines bright with WA gold - Mining Journal (mining-journal.com)