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"if you were going to take this over, you wouldn't want anymore drilling to occur as this would effect the buy price."

No one will take this over unless there is more information i.e. more drilling....

"each time we drill, we get bloody good results."

Only the last time they drilled was there a good result i.e. 55m at 2.3% Cu. Undoubtedly a good result.

"I'm happy to wait for 20,000 metres of drilling"

20,000m of drilling would indeed give a fair indication of whether there is a resource there or not.. but that's probably $4m worth of drilling. They don't have that much $ if you recall.