Devils advocate here: They're aware of that... The company doesn't use the words "Feasibility Notice". That's the worry as that's the wording that's used in the agreement that triggers the clock. That said, wording and communication has never been their strong suit. See "Positive Bankable Feasibility Study" and how management (Mike especially) has talked about using the word "Bankable" and how they still have the words there in their NR's. They've had conflicting dates in the SAME NR, in the main part versus the forward looking extra stuff before. They also don't use the present tense for delivery in NR's and don't make it seem like a clock when speaking to them. The fear is we're in discussions (confirmed) but not on the clock (technically unconfirmed) because of the unclear wording.

I think the company would have their money well spent on some basic community college "Communication" and "Public Relation" classes.