I agree, 70 cents could be realistic, once they've got some solid production at Val d'Or under their belt? Might get held up at 50 or 55 though, considering they do still have a bit of a bad rep from past tough times which could make them continue to trade at a discount. But the downside of the stock is basically only those things you would file under "acts of god". Maybe dewatering problems, strikes, equipment malfunctions, gold price collapse below $600. I think this makes them a way better play than your average exploreco who can get zeroed out when the money runs out.

Really not a bad idea to jump into a fairly certain 30%-50% 1-year play. Ten-baggers are nice, but sure things are more certain. I wouldn't put more than 10% of my portfolio in this one company (actually I think I'm at 12%), but you don't have to count CMM as part of your exploreco portfolio, it's not nearly that spicy.

But do your own due diligence. I might well be a moron when it comes to investing.