From a post by 8thaero on another board:
Load up 500K Tons avg 2.1 grams and find there's 33,000+ oz to possibly recover. I'd guess that's Phase 3 in due time. In $2000 POG can earn .03 for 2 bill issued. Good times 30+ times earning? We close on the illusive $1 PPS value.
Note that he used rounded numbers for POG and share count. I think he's optimistic in this market, but maybe half of that by next year is possible. To get a more realistic number, figure 500 tons of fresh ore per day added to the pad, so 33,000 oz is over 1000 days. Take 1000 of that for the 1st year, times $1500/oz gross profit = $15,000,000. Rounding share count to 2B, you get $0.0075/share, times 30PE = $0.225/share.
At even half of that, I don't think you'll have to worry about people taking profits. That kind of increase tends to get peoples attention.