Latest estimates I have seen showed limited production in 2012. Don't worry, this stock will be $10-15 very soon, and look for it to have a HUGE market cap once it is in full production (like maybe $25-35) since I don't see them issuing more shares... Rod McEwen wouldn't like his investment diluted, and there is no need, as there won't be an issue with THIS company getting production loans if it needs to... maybe from McEwen himself.