Peter Brieger is still very positive on both SPM and SGN.

• Scorpio Gold (SGN TSX-V)
• 12/14 Close: $0.54; One year price target: $1.50; Target capital gain: + 277 percent; Yield: 0.00 percent; target total return: + 277 percent; Most recent purchase and price: 10/05/12 @ $0.70. Scorpio is targeting its 2012 Nevada production at about 32,000 ounces, 2013 at 60,000 ounces and at 100,000 ounces in several years. Its aggressive exploration of its existing properties and the likely acquisition of additional highly prospective lands, as well as a new mill auger very well for its future cash flow and share price.

Hope that he is correct this time.