The SP rebound beat me to my crystal ball gazing as I was going to post that it will rebound pretty quickly if it hit 1. IMO the simple reason is that the EV would be at $3.7m for a cobalt play. The DTs will return pretty quickly but more importantly the medium term bargin hunters would have been waiting for the dust to settle to enter at a better price. Also the selling appeared to have slowed down from yesterday arvo suggesting most DTs and profit takers had done their bit. I'd like to think the rest of are sitting on an undervalued play at this point,.
Ann: Ausmon Invests in Emerging Australian Cobalt Mining Regions, page-81
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