I had to read the release several times, as its simplicity is masking the message.

First of all, Silverado is being severely conservative, they are providing the absolute minimal and purely factual information.

While we all realize that given the extreme oversight bestowed on this company by the BCSC and others forces the company to be very careful (which is fine by me), I am still encouraged by today's release.

As far as I am concerned, reading between the lines, all is well, proceeding smoothly and financing actually is almost complete.

They only have to update/verify the operation plan and budgets, present the "primary" budget (meaning first stage Nolan, in my interpretation) to the potential financier(s), and we will be on the way to drilling in June.