Today

' Bank of America-Merrill Lynch said it was keeping its price target for gold at $1,500 an ounce, which it expects to see by the end of 2011. It lifted its average gold price forecasts to $1,200 in 2010, $1,350 in 2011 and $1,400 in 2012".

What does this mean for our stock price?:

Price/ounce should be $ 150 in our calculation?

Brings us up to middle single digits if 22KM strike length holds up