RE: RE: 2013 production I agree, MR has been 'static' but Mary is just beginning to add to production, you can see the small ramp up of ore in the latest earnings. It has been slower than expected that's for sure. What I do want to see is how many ounces the satellite pits add. They are situated very nicely around the heap leach pad, especially Brodie. I think they can add Mary/Mary LC to Drinkwater but I suspect much of the satellite zones will be inferred and require another 18 months of drilling to define the actual size of the pit.
Regarding Goldwedge, I love it, I don't trust the grades in the brochure posted earlier cause it conflicts with 3 different geologist reports. The previous management of Royal said they have an initial target production of 22-24 thousand ounces per year. New Mill, Gravity seperation system, de-watering system, lab on site to test the ore, pond, leach pad as well, fully permitted and Royal has spent 20 million on the property so doesn't seem like its far away that's for sure.
If Mary/Mary LC start to add to production in the next year I really think scorpio can be a 80k ounce/annum producer by 2015.
Pinon-open pit oxide deposit, previous management was seeking approval for a 5000t/d open pit permit at 0.04 grams (factoring in 60% recovery) could be a 30k/annum open pit producer with a 6-8 year mine life.
I agree, they have to pay off the debt before they can start a more robust program on this one. It's a shame because it really deserves significant attention. Very low strip ratio at 2:1.
Overall good mix of properties.