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Here is a good play for a copper/molybdenum mine in Equador.

It appears that Equador mining is coming under a new set of mining regulations that are favourable to this company...read this:

Copper Mesa Announces Confirmation of Ownership of Junin Copper Concessions in Ecuador - Yahoo! Canada Finance

Here is the sharpchart:

CUX.TO - SharpCharts from StockCharts.com

The first thing to notice is that the Bollinger Bands are starting a rapid widening today as the share price leaped above the upper bollinger band.

The RSI has risen to 70%, the TRIX has risen sharply in the last few days and the Accum?dist shows that a lot of investors are on the band wagon. The share price has surged across the 50dayMA and is headed for the 200dayMA.

Here is the P&F chart



The price crashed through 2 resistance points and stopped at the junction of two others. The is a diagonal resistance from a shoulder from mid-January as well as the horizontal one at $0.11. I can see a pull back here but this news might make the pullback short lived. Support is at $0.08

Here is the 5 day linechart from Yahoo


The volumes are small but it looks like the stock might have legs. The good news about the Equador situation should carry the stock some distance. There may be a short pullback but not for long in my opinion.