The updated 43-101 should be out this week or perhaps early next week. I will do some quick calculations based on the full diluted shares outstanding of 160,367,269 that is provided on PEMs website.

Using $100/ounce:

1 million ounces: 1,000,000*100 = 100,000,000 / 160,367,269 = $0.62/share

1.25 million ounces: 1,250,000*100 = 125,000,000 / 160,367,269 = $0.78/share

1.5 million ounces: 1,500,000*100 = 150,000,000 / 160,367,269 = $0.94/share

Using $150/ounce:

1 million ounces: 1,000,000*150 = 150,000,000 / 160,367,269 = $0.94/share

1.25 million ounces: 1,250,000*150 = 187,500,000 / 160,367,269 = $1.17/share

1.5 million ounces: 1,500,000*150 = 225,000,000 / 160,367,269 = $1.40/share

Using $50/ounce:

1 million ounces: 1,000,000*50 = 50,000,000 / 160,367,269 = $0.31/share

1.25 million ounces: 1,250,000*50 = 62,500,000 / 160,367,269 = $0.39/share

1.5 million ounces: 1,500,000*50 = 75,000,000 / 160,367,269 = $0.47/share

I would say the 1 million ounces at $100/oz is a good starting point, that would put the share price over 62 cents. Good buy? You tell me ;)