Why $10/shareYou can draw an analogy between NFG and Diamond Fields which discovered Voisey's Bay in the early 90s. Every now and then a ****load of ore is found at and near surface and the resulting junior is bought up for big bucks. All NFG needs for a much higher valuation is a maiden resource figure for the number crunchers, thus, I agree with the bank target prices of 10-12 CAD/share within a year.
In the meantime, 3 ozs/tonne over 2 m, is just more of the same - whatever. NFG is going to drift up and down with the greater gold sector. I'm not expecting the stock to spike again unless there is really big news. There is no good reason for it to drift lower, there may be poor reasons.