He has gotten one of the worlds largest steel companies to pay him for an exclusive, while that hasn't yet materialized into a signed JV there are few juniors who can even claim that. In addition they are paying for the present testing which is approx. another 400k.
Despite the constant repetitive posts nothing has changed since end of Feb.
SOE is still doing due diligence and when they are complete they will decide if they want to pursue a new deal in light of the expired LOI or perhaps just reinstate the past LOI or not pursue a deal at all.
It's too early to tell. Lets complete the DD and go from there.
At that point folks can call it a success or a failure then, too early at this point.
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