RE:price ceilingHello Erie:
From first principles:
1) NFG has an Epizonal gold deposit(s) at surface.
2) Epizonal gold deposits are among the most profitable gold deposits known to man.
3) An Epizonal gold deposit sent Kirkland Lake Gold from $15 to $70/share.
4) Epizonal gold deposits are very rare and they are not your typical, run of the mill, greenstone belt gold deposits.
5) Most of NFG's shares have already been locked up. The float is small.
6) The story is still poorly known
7) NFG is very well funded with over $120 million CAD in the bank.
7) Delays in the Geochemical assaying industry have prevented new results since June 30.
8) There should be a flood of new results this fall and winter.
If you are a fast money speculator there are surely more exciting places to be than NFG as of this moment but if you are a gold investor NFG is a once in a lifetime opportunity to get in on the second floor of a brand new Epizonal gold camp!