I think your timetable and conclusions are very flawed. The earliest testing is expected to proceed is May. I would doubt any testing results will be released until mid to late summer if testing occurs on time. My experience is that few companies maintain the desired schedule. Numerous posts have addressed the panic over raising/financing 5-7million dollars. No need to repeat. Testing will occur.

Mako may indeed be worth little. But BMO was to look for partners outside the exxon concession.The recruitment process and data evaluation start fresh.By year end we will know if interst exists. It is not realistic to expect such a rapid timetable.

I will predict multiple JV announcements in Australia by year end. And a very quiet next several months driving the pessimists to the breaking point.