Looking at the PESA preso,1. We have a 1 month wait for the...

Looking at the PESA preso,

1. We have a 1 month wait for the well's temp to normalise.

2. 1 month testing period.

3. Evaluation, interpretation of the results, which appears to last 1 and a half months. I am no expert, but wouldn't we know the results needed and therefore this evaluation step should be as simple as ticking boxes and saying yes everything is there as required?

Any insight people have on this or my timetable schedule adjustments would be much appreciated.

From what I see we could have only 3-3.5 month wait before we know this project is a go ahead. And hopefully once the results are in a JV will be signed.

Also another question, do we think that a JV has not been signed yet because, conditions are not satisfactory for Panax or for the potential JV partner? I would like to think Panax is holding out due to its superior reserves and predicted test results for the best deal possible, any thoughts?