Has King John’s Treasure been located?

My search engine flagged up a report from Spalding Today about a metal detectorist who believes he has located King John’s hoard of treasure which was lost with his baggage train in the mud and shifting sands of a tributary of the Wash on the borders of Lincolnshire and Norfolk on October 12th 1216. 

The article can be read at King John's hoard has been found says treasure hunter and there is a previous one from the same journal with a bit more about the story at Has King John's treasure been found at last?

The Daily Mail also reports the apparent identification at Metal detectorist believes he has uncovered King John's lost treasure. Oddly for them they do not say whether it would affect house prices in the area of Sutton Bridge.

There are online articles about the story of the loss of the baggage train and treasure at ‘Bad’ King John’s Lost Treasure! and from the Eastern Daily Press at WEIRD NORFOLK: Searching for the crown jewels dropped by King John in King’s Lynn

An article about the story from a blogger at 

King John, his treasure and the Wash. has some good illustrations, a useful map of the coastline in 1216 and the author has included an impressive inventory of the royal treasures that may have been lost in the catastrophe - but then again might not.

If the site is correctly identified and if items can be excavated - assuming that centuries of tides have not dispersed them so that they are irretrievably lost - then this would indeed be a remarkable discovery, or perhaps one should say recovery after 805 years.

We must see what happens, and one can hope that maybe the remains of the treasure really can be found.