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While fears of a US interest rate rise turned resource markets south late last week, experts say sentiment should settle and improve with the rate increase now factored in.
"At times like this markets tend to over-factor before the actual events happen, which has been translated onto our market," said Hogan and Partners' resource analyst Adam Conigliaro.
The fear of a rate rise investors saw investors ditch mid cap and small cap resource stocks, with some companies shedding as much as 40% of their share prices, as investors sought the safer ground of the majors.
Conigliaro also said the resource sector needed a spark to turn sentiment around. Business is booming in Kalgoorlie with assay labs bursting at the seams, suggesting an upturn in the market.
"There is a lot of activity and a lot of investment taking place which is all very positive," he said.
"There is a little period of digestion before results come out and I think the market is ready to embrace some good news and buy these stocks up.
"It is an opportunity to accumulate some fully funded stocks."
Paterson Securities analyst Rob Brierley agrees.
He said that while the pullback has been healthy it is now bordering on being overdone.
"I would consider right now would be a good entry point for select, well-managed and fully funded resource stocks," Brierley said.
Another factor in the resource pullback has been the slow down in China, resulting in a slowdown in the demand for commodities.
And while there may be concerns over commodity prices, the story in Australian dollar terms is not all bad.
"Australian dollar commodity prices are still good and I think people are missing that point," said Stockley Davis, senior analyst at State One Stockbroking.
