![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
Monday
Jul232007
Silverado Green Fuels update
Monday, July 23, 2007 at 11:34AM
Choctaw County Supervisors are moving forward with the agreement between the County and Silverado Green Fuels by applying for a loan of up to $1.0 million to go towards the project
This is a good move for the financial health of the project as it helps to get the ball rolling. The approval procedure could take up to sixty days and then it is into the construction phase, which is planned to take about two years.
With some analysts predicting that the cost of oil could hit $100 per barrel in the next few months then this coal to oil facility looks more and more attractive.
This is positive news from Silverado Gold Mines Limited, as it should keep the green fuel side of the business in the spotlight as they go forward with this exciting energy project.
This is a good move for the financial health of the project as it helps to get the ball rolling. The approval procedure could take up to sixty days and then it is into the construction phase, which is planned to take about two years.
With some analysts predicting that the cost of oil could hit $100 per barrel in the next few months then this coal to oil facility looks more and more attractive.
This is positive news from Silverado Gold Mines Limited, as it should keep the green fuel side of the business in the spotlight as they go forward with this exciting energy project.
Reader Comments (4)
Where is a current update on their GREEN FUEL project?
IS THERE ANYTHING GOING ON WITH SILVERADO GREEN FUEL OR IS THIS A DEAD ISSUE?
WHY DIDN`T SILVERADO TELL THE STOCK HOLDERS THAT THE FINANCING WAS DISAPROVED FOR THE PLANT FOR THE COAL TO FUEL SITUATION WHEN IT HAPPENED?I THINK THAT THE SHARE HOLDERS SHOULD GET BETTER TREATMENT FROM SILVERADO.I HAVE SIX MILLION SHARES AND I WOULD HAVE SOLD IF I HAD BEEN TOLD THE TRUTH WHEN IT HAPPENED.
Sorry to hear that Ted, its certainly gone pear shaped.