RE:RE:NFG is a very, very long term hold investment.....In my opinion the corporation isn't nearly as important as the property. I am quite convinced that Queensway is going to be the next Abitibi. Whomever owns and developes it will do extremely well. If NFG gets bought up within the next year then I will follow the property owner. Corporations come and corporations go.
As a speculative buy it all boils down to when you think it will be bought up and at what price. Drill results don't move the needle anymore. Unless NFG morphs into a miner I don't think that it will be around for much longer. The majors have cash, they need reserves, NFG has gold coming out the yin yang and it has become cheap.