Given the optimism elsewhere it's a little surprising most of the sector really is still priced for oblivion but in terms of any recovery I suspect investors will need to see just how bad (or not) their cashflow has been hit before wading back in.
But one way or another and without knowing exactly when the renormalising milestones will come it's hard for me to envision a scenario where it's not back above $5 some time in FY22 if not before. But that may simply be because I don't have enough imagination.
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