can you value nst?, page-10

Hi All,

I've enjoyed following the posts for NST particularly the regulars. I shall debut and throw the proverbial cat amongst the pigeons via this post.

In terms of long term value, I would like to publish my uninformed opinion being: NST will be priced at over $3.30/share by eoy 2015.

Reasons / conditions precedent:
1. For a long time BB has mentioned the companys's goal of increasing market cap to btw 3-5 times current. As recent as 19/6 market presentation this was mentioned again. Not many MDs make calls like this in public, let alone put it in writing.
2. Continual and increasingly higher grades of drill cores at Paulsens (voyagers 1 & 2) with no end in sight.
3. Medium term bouyancy in the spot gold price. As long as the world economy languishes in the toilet and the yanks/europeans print money the spot gold price should hopefully hold or inch up.
4. Ashurton: Hopefully management stop talking about Ashburton and start delivering. Until recently, management has not put a time frame on Ashburton kicking off. By mid next year providing all goes well, Ashburton gets the green light.
5. Gabbro offsets x 2. Initial test drills bode well for these adjacent formations. If they replicate Paulsens geology then giddyup.
6. High grade finds - may they continue. The recent strike of over 12000gpt late 2011 followed by others over 2000gpt point to high grade strikes never or rarely seen in this country. I'm no geologist but these finds though rare don't happen in isolation and point to as yet undefined high grade source.
7. VXR. The majority of posts were negative against NST foray outside of gold. Many posts stated it was a repayment to people at VXR for engineering the Paulsens sale from intrepid. My response to this is when NST purchased Paulsens of Intrepid, many thought they paid too much. VXR broadens NST exposure, is a long term prospect, and given the forecast global shortages of copper through less copper mine starts should see the copper price maintaining its value at 3-$3.5/lb. Long terms, this foray into copper could prove very profitable.
8. NO MORE CAPITAL RAISING
9. History: In its short History the board has rarely put a foot wrong. I can't see that run stopping. NST is a vibrant boutique dark horse of the gold industry.

So hopefully in a few years time I can say told you so.

To current holders good luck!

To archair critics, I welcome your response.