Hey John, great summary of the copper landscape, which shows...

Hey John, great summary of the copper landscape, which shows that the big producers are definitely attracted to good copper plays..

You are more across the M&A action than myself so i'm hoping you can help with your thoughts on a question I have...
Obviously finding more copper and growing a regional resource of potentially economic inventory is what will get bigger players pusing at the doors more frantically,,, but from a development perspective, have you observed a preference for how takeovers prefer to manage the 'move to mining/production' side?
i.e.
a) Is the main value of this company the copper resources, and PDS/DFS mainly helps with DD for a takover company, but they prefer to manage their own engineering/processing plans?
Or b) is it more of an upside for a takeover company to have DFS complete and infrastructure/plant already going through the motions for them? Even post funding etc?

I guess i'm asking (aside from if enormous amounts of copper are found), at what stage of the projects progression do larger companies prefer to start working their way in the door?
If there is any preference.

Cheers!