GWMAN- The fact that you ask the question suggests that there are serious unresolved issues. From a company that appeared to pride itself on transparency, it is now opaque. Just not a good sign. It is obvious that JB did not anticipate the hurdles to be overcome. IMO The company needs a COO or in-house general counsel that is familiar with all of the potential issues. Unfortunately, it may be too late in the game. I am concerned that the money will run out before the issues are resolved.
So, the question becomes is LTG telling the truth that we will need a SW permit
The easiest and most assured way for you to find out is make the calls yourself...if i wanted to work on getting the share price down, you'd know it. There would be no guessin about it.