yes i think they turning the corner.
the loss for the gold swap is especially mentioned in the news release and i dont think it´s getting much bigger for q4.
"$2,471,448 to settle gold swap transactions entered into in conjunction with the company's credit facility with Credit Suisse."
cash numbers are also improving
"As of December 31, 2012, the Company had a cash balance of $24,741,357 compared to $20,383,957 at the end of the third quarter." In the new january presentation they still have 23 mio cash on hand.
the 2013 numbers with 175k oz are low ball. now they should be finished with overpromise and underdeliver