Not necessarily an old head... but yes, I think we will start to see some more take over offers of the coys with the more quality assets and upside resource potential. Particularly those in the the base metal scene (and probably gold) as many commodities have bottomed and are now in an overall upward trajectory trend. Raises the question why it doesn't happen more in the bottom of a cycle but it's probably a fair bit to do with coy's going into self preservation mode whilst prices are depressed. Many mid-caps are now starting to build up their war chests as their margins have improved so the natural cycle of splurging money comes back into play.
I'm sure you will see this with CZI too but probably not before the feasibility studies come in proving the economics of the project. More so look for the small(er) producers sitting on reasonably large resources that can be easily scaled up to improve project economics imo.
(20min delay)