Well, since Metanor hit a high of 1.34 in Feb. of '07 and a high of 1.20 in March of '08 just on news of "future" production, I see somewhere in between those figures or higher by 2011. Especially since the price of gold is now flirting with the 1300's (oh, I think it will break the 1400's before 2011 too), when back in '07 and '08 it was working its way up to 1,000. There has also been a lot of milestones that the company has accomplished since then and many more acheivable ones in the next couple years. Like many analysts have pointed out the pps is undervalued when considering replacement cost of equipment, mill, and mine alone. When you take into account current and future production, it's time for the market to realize their real value. JMHO
PS: I also see MTO as a take over target by a major in the short to mid term future if plans continue in the direction they are headed. Again, just my SWAG :)