Agree with your assessment. The Klanns are men of real integrity, and will only report true atatements, IMHO. I understand they are working with one or more potential sources for the remaining financing, and are expecting positive results.
I appreciate the fact that they don't release fluff or hired paid PRs to artificially boost the PPS. But we're now going on 15 months of no updates. They should give us some sort of information on progress...