Its hard to guess, with lots of variables in play, but with CMM...

Its hard to guess, with lots of variables in play, but with CMM as my only guide, $1.20 at first pour. Add in the expected Blue Spec data we guess will be released at the same time, $1.50 might be in play. If they announce a second acquisition, as DR has mentioned, (to reduce SH risk) then add 30% ish. If inflation ocurrs and gold price rises. Lookout.
Check out CMM, the last stock to develop a mine and then start pouring gold. It gives you a rough comparison as to how this should play out.
For me, I really like is how we are fully funded to first pour, therefore risk is now limited. Roughly 70% built i believe. A lot of position building has occurred between 55 and 62 c. The next leg up is due, keep an eye on volume for early indications. All IMO and as always DYOR.
Other more knowledgeable posters have discussed this topic in the past month on CAI threads so have a looksy.
D