NST

The management has been brilliant.  They took over a mine with little prospect and found more gold.  While it is producing gold, it found more gold.  But because the price of gold has been falling, gold producer became a dirty word.

Meanwhile, big gold producers are jettisoning their smaller operations so NST picked up more tenements... at very good price.  The market is starting to recognize how astute the management is.  Sometimes, when you buy a stock, you are actually buying good managers.  When I last topped up NST in May 2013, it went much further down.  Today, in spite of gold still hovering below USD$1300 per oz, I have gone into the green zone with my holding in NST.

While resource stocks will soon recover as global growth is expected to rise this year, China is predominant determinant of the ASX performance.  And there will be a lag...