Ann: Quarterly Activities Report, page-21

i see your point, growth in the early years will never be repeated, not expecting a doubling of market cap.
NST isnt the same class of stock as it was 5 years ago. Or 3 years ago. NST is now a globally relevant top 10 mid-tier producer.
Im expecting a SP of $18-22 over the next 2-5 years, with very generous divvies thrown in. It's not dead money.
I play the junior end of the market for the thrills and returns, NST is now a (mostly) SMSF earner.