Yesterday MajorD identified a triangle formation that started near the end of October and has since tested both converging lines on three separate occasions. If we pan out, it actually appears to be the formation of a handle for a large cup that began in early June and ended in early November.

Once the top of the handle is breached and we break the elusive 3-year down trend ($0.90 range), we should expect a run to the $1.20 to $1.30 level.

It looks very promising with expectations of increasing production and cash flows followed by an exploration program commencing in the new year.