RBC just released a summary of what it sees for Ithaca in 2013.  I wont copy it all, but I took from it 3 main points....1) 2013 could bring little momentum for Ithaca as Stella progresses onwards one slow step at a time, however they do look forward to March with an update on reserves with could lift the NAV 2) company well able to get smart acquisitions at any moment 3) bidding process still very possible and likely given last years interest, with an upside of $4/share if a bid was made.  Just my take on their summary.