Very plausible. Assuming no significant decrease in mL profit margin or some unknown expenses during the quarter, MNTA should easily hit EPS of $0.90. If margins are similar to last quarter EPS could come in just north of $1.00, thus Q1 EPS is likely between $0.90 and $1.08, IMO.
Assuming Q2-Q4 are similar to Q1, MNTA's NOL's will largely get used up in 2011 - with a small carryover into 2012.