Hi ShaneSeems two things are in play at present with CSE s/p.The...

Hi Shane

Seems two things are in play at present with CSE s/p.

The overall tone of the market has improved and with Copper now within sight of $2.20 this is lending big support. If you look at a one year chart of spot Copper it has a resistance point at $2.20 and then $2.40, a break of these levels open up a run to $3.10.

If you look at the share price during the fall last year it did not reflect the price of Copper in any meaningful way, it was purely a panic reaction. I believe it will be the same on the way back up as the shares are tightly held. Once the current "traders" offload their parcels we will see it gap again as it did a few weeks back.

The feasibility study should be released this month and that will be adding support as well as people anticipate the news.