BMA Gold is a junior approaching major production milestones in the next few months, real work starts in Feb 2006.
I've entered at 26c on an ascending triangle as the recent prices have rejected lower levels on volume, I'm looking for new highs (breakout measurement) as we approach the first processing landmark in late Dec, my view is that people will enter the stock this month to get set for it.
Downside risk is that volume is not ideal although recent vol shows there is activity and recent candle tails means support. Could be a symmetrical triangle if the next high fails lower. Any delays, hiccups, cost rises etc will stuff this up. Upside for gold will help it no doubt- I expect lots of reratings for gold stocks once 500 is hit for pog.