Ann: Quarterly Activities Report, page-13

It would make sense that there are negotiations taking place RE: royalties etc.
It would also make sense that FGR is stuck between a rock and a hard place in that it would not want to talk itself up too much whilst negotiating the terms and conditions, and yet still need to provide the market with updates, all be it conservative ones.

I think once the licence is granted we will see the true potential of this world changing product, which he have invested in, and just how much demand there is for such a resource.
I'm patient but anxious at the same time.

Cheers
p