I can't see any reason for it to drop much further than say 2.3c...

I can't see any reason for it to drop much further than say 2.3c . As soon as end of march is here it will go up . My bet has always been 4c so I only see a reason to buy if it hits the lower end. There has been enough said about the reasons to buy. Vil hit 3.5c when the wait for a month was on. Within 2 weeks of that it was 9.5c . I have no doubt that we are seeing nothing other than the exit of short term money. Just be patient and buy. That's what I'm doing.