So you don't think EAG's CEO calling Noront and promising him their going to commercial production meets the terms of the option agreement????? 

And Noront will no doubt respond by saying, "Great, just send us our dough whenever you get around to it."

I'd say the biggest obstacle to the deal - besdies Mao's share price - will be EAG's management, who will likely be out on the street when the deal's consummated.  Of course, someone else could come in and buy EAG, but at $.115, why would they pay much more than .15 cash.