Agree, but to reduce your debt, you have to earn money.

So better DTE is a result of better profit and cash flow.

And that is what ORV is starting to do - earn money. 

 Have you checked the big amount that is planned  to pay down loans in 2013? See the MD&A

Please do and give us the DTE figure after that.

Capex is addressed in the MD&A as a very important point.

They are VERY well aware of that .

I agree that you can find a lot more resources in EVBC. Especially at depth.