I think the price of gold will be tied to the inevitable decline of the US dollar. In my view, this means that within the next 6 months the price of gold will reach and mostly maintain a price level of well over $1000. This means that Metanor production could be consistently sold at that level which results in a profit of at least $600 per ounze of gold mined. With that kind of profit margin I would expect that MTO shares will climb to new highs, i.e. over $1.20 per share. That does not include any possible "panic" factors which you mentioned before, nor any other changes such as finding of new resources, or, on the other hand, huge increases in production costs.

However, the price of gold has to show strength at those levels not just "peaks".