NML has been oversold a while ago.. It was bound to rebound hugely because it is in the small index cap parigram capital been beating on it for small shares last few weeks who knows if they are done selling, since it downgradedd and slightly trimmed it's cap...Iron ores will bounce back and will probably rally for the US fiscal cliff decision, Greeks bailout terms and will recover slightly maybe above the 2.00 line..before FS study comes out.. I see NML doing well in 2013 and TATA making it's decision and the production starting up in the spring...JMHO