You almost hit it last week. Who cares if your wrong.
I have an immediate family member that has been with PLM in Hoyt Lakes since the beginning. He/she would be happy with 2.00/2.50 PPS when it is all said and done. That's what he/she views as realistic at time of sale to a larger company.
For our family, its hard to believe a decade has gone by and its still only at the current stage--but a good, positive stage none the less.
Right now, their (PLM) main concern is continued financing through permitting and construction. Money goes fast when you have to pay an auditing firm 500,000 or so to make copies for your financial assurance assessment.