RE: 2013 production Yes you are correct Belgie we do not own a disaster for that we can be thankful. With the aquisition there is lots of upside and yes like Vijay says MR can double production. BUT they have not been able to increase production in three quarters. I remain skeptical. There is a reason that has not been explained to any satisfaction. MR could just be tougher than was previously thought.
We are cash flow positive and it will look much better when Goldwedge starts producing. The monthly payments to Waterton allow significant surplus cash flow to allow for goldwedge buildup, exploration and developement. My guess is that we will see most efforts focused here. Pinion is just gravy. SGN needs to poke a few holes to establish the trend here and let GSV do the rest. Once the debt is paid off SGN can circle back with a more robust program.
I think we are seeing Peter build trust with Waterton as their clean up guy. This could turn out really well if he can deliver on this acquisition. In a couple years we may end up with a mid tier producer based on very smart acquisitions.