In my opinion Accumulation can easily bring share price to $1.50+... Taken from Canaccord (The Big Picture):
Natcore Technology (NXT.V) - Natcore has been climbing quickly in the absence of news. We think this is a delayed reaction to their Natcore China JV and a sentiment change in the solar sector in general. Their 9,961,355 warrants are all in the money and the majority of them are subject to a forcible conversion if the share price closes above $1.50 for 20 consecutive trading days (today's close was $1.33). If all the warrants were exercised it would add $6.57 million to the treasury. With only 35,517,958 (fully diluted) shares outstanding we see more sunny days for Natcore.