Interesting hearing from other long term holders. I cant get too...

Interesting hearing from other long term holders. I cant get too excited about the JV at this stage. I agree it sounds promising, but also a long way off - considering the lengthy process to date. LSX are citing drilling results from 1982 in their latest release! They also said drilling is on hold until after the JV is finalised and any additional results (from previous drilling) won't be available until after drilling recommences (after JV).

Then there is development of the JV concept study >drilling > resource estimates > BFS > etc
This extract from the latest release sounds very preliminary:

Pani Besar Internal Concept Study

The Pani Joint Venture is working on an internal concept study focused on how a combined Pani Besar project might look. The purpose of the concept study is to help scope further work, understand key risks requiring further assessment, and to assess for potential fatal flaws. The study is premised on high level assumptions, including that the Pani deposit is one continuous zone of mineralisation across the two tenements.The Internal Concept Study is being undertaken to determine the potential viability of an open pit mine with conventional milling and CIL processing. The study is a preliminary technical and economic study based on low-level technical and economic assessments that are not sufficient to support the estimation of ore reserves. Further evaluation and appropriate studies are required before any ore reserves estimate or any assurance of an economic development of the project.The combination of the Pani IUP and Pani COW unlocks optimal development of the Pani deposit unrestricted by tenement boundaries, including:l Favourable topography and ore geometries: low strip ratio, open pit operation amenable to large scale bulk mining.l Metallurgical work to date suggests high recoveries are achievable, with conventional CIL assumed for the internal concept study.l Low processing costs anticipated, with grid power available.l Subject to appropriate assessment, initial concepts envisage 7.5 Mtpa to 15 Mtpa processing rates.