I'd ignore the timeline, Aminex (the operator) have said that Nyuni #2 would be drilling in the first quarter of 2011 and Fanjove North #1 would unlikely be drilled before the Nyuni PSA is renewed, ie not until after the middle of 2011.
The good news is that both will be land based drills and that Nyuni #2 will use the same site as Nyuni #1. The second point is important as it means that the JV partners are unlikely to have much problem with gaining permission for the drill from a pre-existing site.
KEY Price at posting:
4.9¢ Sentiment: Hold Disclosure: Held