With an all in cost of $1600 for 2012 and an expected all in cost of $1400 for 2013. That does not leave much for margin especially if the gold price goes to $1300 ( I hope not ). I don't put much faith in targets set by analysts but BMO sets a target of .20 that is not the low but is the high target price. Hopefully they get the grade up and gold goes up but I am not buying SGR at this price with summer coming up.