I don't expect BTS to start trading for 0.045 (average BTC/AGS*5) but I do expect it, if BTS is properly released, to trade above 0.009 for the simple reason that people who are funding the IPO now are taking a sigificantly higher risk than people who will buy afterwards. For a change III has something more to vouch for it than a bitcointalk forum post so that negates the risk factor significantly, but I can't image an initial price below IPO.
Since its a small step from 0.009 to 0.016 I'll put my money where my mouth is and use BTC to buy more AGS, and then use more BTC to buy more PTS since they are, according to my own logic, currently undervalued.