There is no way to answer your question in a general way, because there is no way to know how many offers end in failure. Note that what management may believe as unworthy of consideration does not have to be disclosed.

And, if management does turn down something as being unreasonable, that does not mean that that same party will not come back with a better offer at some point in the future.

...again, speaking in generalities.

Frankly, were I an insider with TMBXF and/or EuroGas, I'd be doing my very best to JV on Hay Mountain, before I'd put a drill into the Zebra property. That doesn't mean I would expect a meeting of the minds, but I would surely be pushing for it.

Having said that, I don't think the market agrees with me, because we see LBSR share price declining, while TMBXF rises. That can change though.