Good results will = $3-$6 but....if no partner is annouced, ie Mankind goes it alone, expect a huge pull back due to uncertainty by the market that MNKD will be successful along with the pending delay of getting the drug to market.

With a partner that benefits MNKD with nice up front payment and good royalty payments, add another $5-$10.

So at a minimum, I'll predict from where we are right now a range of ~$9 (initially pending good results) to $22 provding good results and good partnership deal.

See how I hit the $22 mark uttered by Matt? :)