I wonder when it happens? It took about a year for BWR to roll 10:1 after Pirie and Goodman tag teamed it and then another year for the Goodman payday. I'd say if history is any indication, this will roll in the Q2 2014 once they run out of cash. Then they'll dilute again with the syndicate and then sell to the only bidder. Then again, gold may bottom beginning of Feb and we'll all be saved.