Large porphyries are thing of past and with uncertainity regarding gold prices, what Exeter need is luck. Lots of luck and then some more luck.
The only positive is the fact that it has money in its treasury to ride out this horrible market. I hope sentiments get positive in the junior mining space otherwise there are very thin chances of a buyout. I'm long but I don't share your enthusiasm of $20 an ounce takeout scenario at all.
I will be happy if this company is bought out at $2.50 ..heck I will take even $2.25 ..