RE:What is the long term target price for nfg?
ErinBrockovich wrote: Anyone care to theorize?
Still far too many unknowns to give an exact price target. NFG is still at the early discovery phase. Having said that the guys who have witnessed large gold finds in the past know this is a really good one. This is a very large gold system that goes through the island and the grade is phenomenal. NFG has most of the prospective ground and so far they have only explored perhaps 10% of it. The only gold system that even comes close to the Queensway is Fosterville and we all know what that did to Kirkland Lake's stock. So if I had to guess right now based on all available information I'm thinking NFG will end up somewhere between $50 and $100 a share. How long it takes to get there is another unknown but I'm going with 2 to 3 years.