I agree that the recnt poor share price performance is due to...

I agree that the recnt poor share price performance is due to the recent share placement (a lot of negatives about how this has been handled etcetcetc however this should be short term). I do however have another theory why the price is not rising as much even in the face of good resources upgrades and related news. When NST was around 30c the Paulsens reserves were no longer then say 3 years mine life. Every time NST announces upgrades to these reserves to say 5 years, 7 years mine life etc the SP reacted significantly. At 75,000oz per annum and probably around 10 years mine life any revision of reserves lets say to 20 years mine life or even 30 years mine life will not have as dramatic impact on SP. I sm not saying no impact but rather not as much. Therefore I think even if reserves say double the SP may only incease say to $1.20 to $1.30. The key here is production rate. If production doubles to 200,000 ounces per annum, this is what will make the SP double say to $2.00 plus. I think we are at least 12 months away from that. So anything that brings forward increased production rates via acquistions or faster work on stage 1 & 2 is the key to real SP growth from here onwards.