powerfullogic, I know you've been a shareholder longer than me.
It sounds like you have held your shares the whole time. Whereas I have been invested only since Sept2016 and have flipped my position three times for a small profit. I currently don't own shares but I want to get back in. The SP range is way below where I have traded it before. I just don't want to buy another "falling knife". But I do want to build a long-term position at a cheap price.
I am still learning about this company and the industry. And your comments have been most useful. Apparently it takes a whole lot longer to get something accomplished than I ever anticipated. This has been a real "eye opener" for me.
The company is making money on consulting fees. And, I hope, also on speaker's fees. Take a look at their list of PRs. Most of them are about who is giving what presentation at which upcoming nuclear industry conference.
As far as license fees go I would assume that they would have to have a real product in order to justify that. I would assume the pending tests would take years to complete, since regular fuel rods take years to be consumed. So there may, very well, NOT be a real deliverable product until 2021. After all, they just said this in a PR.
Good Luck!