nst fair value .50 to .60, page-9

APJAPJ I disagree I think a lot has happened since the
26/9/11 maybe I should recap your memory a little refer below. All important announcements that underpinned the SP and allowed it yo kick up or consolidate strong gains. You the the announcement that most excites me is the very last one on the 20/1/12.

26/9/11
NST plans to lift production to 200,000ozpa. SP at COB $0.43.

27/9/11
NST delivers substantial maiden annual profit of $20m. SP at COB $0.47.

27/9/11
Strong drilling results further underpin 200,000ozpa target. SP at COB $0.47.

13/10/11
Spectacular hits of up to 773 g/t at Paulsens. SP at COB $0.59.

9/11/11
Hits of up to 638gpt set up Paulsens for strong growth. SP at COB $0.68.

17/11/11
Drilling at Paulsens returns 12178 gpt. SP at COB $0.885.

17/11/11
Quartz intersections in Offset Target adjacent to Paulsens. SP at COB $0.885.

25/11/11
More high grade hits boost plan to lift production. SP at COB $0.845.

2/12/11
Encouraging flotation results at the Ashburton Gold Project.SP at COB $0.905.

21/12/11.
Strong open pit drilling results boost plan for Paulsens. SP at COB $0.86.

22/12/11
NST pushes ahead expansion plan, sale of Kimberley project. SP at COB $0.865.

9/1/12
NST beats key targets with $46M cash flow for 2011. SP at COB $0.855.

20/1/12
High-grade results reveal potential to duplicate Paulsens. SP at COB $0.95.