Arnold,
I have no idea what the price will hit next year. This is my first venture into the pink sheets. From a lot of what I have read on this, and other message boards, I don't know if a company can or cannot achieve a great share price while still in the pinks. And I'm not sure if they will be in a position next year to move up to another exchange.
If you want to use a logical formulation for share price, you could take the expected profit per share and then take a multiple of that. Assuming they make $30M in 2009 and there is still 2.5B shares, then you would have an earnings per share, EPS, of $.012. I have no idea what a reasonable multiple of the EPS would be for a mining operation, but lets assume it would be somewhere between 8-15. Then the share price would be in the range of $.10-$.18. But from some of the things I have read, I am not sure if that type of logic holds for pink sheet stocks.
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