Brigus Gold Corp. (BRD)

[gharma]

Welcome back. Rough duty to have to vacation in the spring also
I am also expecting the market will wake up to BRD having turned the corner, as long as gold prices hold up that is.
I am seeing the profits as very slim, very slim indeed, but that is if one does not look at the large amount invested in capital improvements at Black and Grey Fox. I am not understanding the $2M each quarter you indicate it will be paying off as the gold stream is now fixed and the company no longer has any rights to buy it off, but it is not a loan. BRD sold a gold stream, received money, had until earlier this year to buy back part of the stream, and did buy back in total half of what it could. But now it is a fix deal, with no interest as there never was, only the obligation to sell a portion of gold production at set price.
The guidance for 2013 shows that they project to have $6M in interest expense, but that this is expected to be $5.2M in 2014, so there must be some payoff of debt planned (or rates reduce?).
If analysts look into the numbers, provided the gold price holds up (as most except the banksters and their mouthpieces and coattail riders seem to think) then a solid growth in operational cash flow will be seen, as will the sizable amount of capital improvement and the increasing production, etc.. Quarter by quarter more will recognize what many here believe/know.