Actually - one of the questions below has been answered.  In answer to a question posed after the President's update:

Prospect 2 submitted a proposal for a venture on Hay Mountain at approximately the same time as Prospect 1. Prospect 2’s proposal was substantially inferior to Prospect 1’s proposal. Liberty Star countered Prospect 2’s proposal with terms substantially similar to those under consideration at the time between Prospect 1 and Liberty Star. Prospect 2 declined to counter that offering. Since that separation, Liberty Star has been in contact with Prospect 2 and found that it has reorganized its international exploration department, replacing all of the senior staff with new persons. Liberty Star continues to re-develop a working dialogue with the new personnel.