GW -- I think that it is typical, where the little guys get the short straw BUT it clearly shows that Wellington expects the permit.

I expected a financing and figured that it would come before the permit, but I don't like the attached warrant exercise price of $3.  That is just a gift to Wellington.

On a more positive note, with this financing and the exercise of outstanding warrants within 45 days of the permit we may have enough cash to get to or very near to production.