Fundamentals haven't changed, page-542

When NST starts making announcements about conglomerate gold then I will start to believe in the story. At the moment I'm at my 'wits' end trying to understand how anybody would believe such a story..... that is the Wits2 story. Basic study of the history of the Witswatersrand Basin should identify that the geology providing such a gold endowment is unique...... a gift from the gods one could say or in other words from out of this World.

No doubt there are nuggets to be found in parts of the Pilbara, but nuggets can be found in many places around Oz. Finding nuggets doesn't make a gold mine. Today's gold mines are all about large tonnage, geologically reliable ore bodies, great geometry, and low cost metallurgy.

Anyway, if the story does unfold to have some prosperous gold mining potential then NST has both feet on the the ground. The right foot being Paulsens, Ashburton and the FMG tenements gold exploration rights. The left foot being a substantial holding in VXR of about 20% that could be used as a launch pad to acquire the whole company.

Rational thinking would make one wonder why NST hasn't joined in the story so far when the company has been exploring the lower Pilbara for years........ plus more importantly being one of the leading gold mining companies with their fingers on the pulse for anything and everything golden???????? NST has proven to be a company that is not asleep at the wheel so that should be a warning to be highly skeptical about this so called Pilbara goldrush. Maybe flash in the pan is apt.

So, until NST starts to make announcements about the propects of conglomerate gold then one should be very skeptical about the story coming from spruikers of the Wits2 theory.

Cheers