price target for 2011?, page-3

My conservative assumptions on TGS are:

30,000 tpa production and $3 per pound profit ($6,600 per tonne)= approx $200 million EBITDA.

Using a P/E of 5 for a small, single commodity, producer in the DRC implies an expected market cap of around $1 billion, which is about three times what it is today.

So $1.50 looks about right, but I would expect it to get there once production rates have been established, and the copper price holds. Maybe by mid-year. If there is more positive news from exploration and/or development plans, then it may go higher. Of course there are also risks with any company, but I take it that the purpose here is to look at what is possible, may be even probable.