You don't really want a 5C dividend. You want the company to use any surplus to repurchase stock all the way up to $5. And we can get there reasonably fast if they do in fact buy back stock aggressively. Imagine how much money you will make if we trade at $5. And the stock will still be trading at bargain prices.
But to answer your question, probably in 15 months time after the SJAP spin-off. Hopefully it won't be delayed. Or sooner if they can get a substantial loan or project financing of say $50M.