Sorry, I can't agree. Majors just don't want to handle exploration projects.

At what stage was Rosemont when the owner was taken over? In a highly dramatic story, and with bonanza's of bonanza's, at what stage was Aurelian when Fruta del Norte was taken over by Kinross?

Can you give me one example in the last 20 years where a major took over an explorer during early phases of drilling?

[As an aside, Kinross lost their ass when Ecuador refused to grant further exploration permits and work permits, and the project later sold for pennies on the dollar. So, there's that issue of "country risk" once more that among other things adds value here, but not in the near term, IMO.]