Last Thursday Silverado was trading sub $0.12 and closed yesterday at $0.145 for a gain of $0.025 or about 20.8%.

As we have mentioned many times before this is a twin pronged attack as Silverado has an operational gold mine at the Nolan Heights in Alaska and it also has interests in a coal to oil project. It is this green fuel project that has been making the news lately as they recently announced:

“Progress on our Green Fuel Project is being made on several fronts,” announced Silverado’s Green Fuel Inc. President, Garry Anselmo. “We have been engaged in an enormous amount of activity following the important signing of the Memorandum of Understanding between the Mississippi Development Authority, the Choctaw County Supervisors, the Choctaw County Economic Development District, and Silverado Green Fuel Inc., which took place in Jackson, Mississippi on December 18th, 2006.”

Remember that this is a $26 million project designed to use the states enormous supply of low-grade coal to produce an environmentally friendly low cost fuel.
Meetings with local authorities are on going regarding regulatory approvals and permitting in order to establish a time line for the projects design, infrastructure and construction.

Hang on to this ‘gold’ stock as we think the news stream can only get better from now on in. News from the Nolan Heights is also very encouraging so as these two projects reach maturity the demand for the stock will surely push the price higher.

Silverado trades as SLGLF: OTC BB