Agree, sentiment is poor but the fundamentals are still very...

Agree, sentiment is poor but the fundamentals are still very positive despite gold being at USD 1191. The AUD equivalent price of gold is relatively static (currently around AUD 1375). NST has fallen from $1.91 to $1.19 over a very short period with no real reason except for poor sentiment in the sector.

The release of outstanding Jundee results on 1 October had no real re-rate to the share price.
1.1m @ 869gpt (inc 0.3m @ 3,040gpt)
0.4m @ 1,760gpt gold
0.3m at 1,280gpt gold
0.3m @ 1,080gpt gold
0.8m @ 433gpt gold
0.4m @ 418gpt gold
0.5m @ 335gpt gold
6.1m @ 69gpt gold
0.5m @ 611gpt gold
0.3m @ 302gpt gold
0.4m @ 169gpt gold

People forget the additional mine life these results bring (the additional ounces to the resource and reserve). If a junior with less than $10m market capitalisation brought these results, it probably would be more than a 3 bagger by now and talked up as the next big thing. Northern Star owns the majority of these great projects and is still lagging Newcrest by a mile (valued less than 1/10), when annual production is around 1/3.

Now NST is worth around $746m with annualised production forecast to be 600,000 ounces at around a profit of AUD 325, even at the current low gold price. So, $195m gross profit and a market capitalisation of $746m. I am hoping for more dividends for shareholders and no capital raisings and these statistics clearly point in this direction.

There is no better valued gold producer on the ASX in my opinion and if very positive Sep14 quarter production stats are released I can't see anything holding this gem back.

Despite the negative gold price, let's hope a bounce off these lows is imminent.