Technically: 1). Forming a rising pennant over the last 2.25...

Technically:

1). Forming a rising pennant over the last 2.25 years > very bullish!!
2). Short term breakout @ approx. 9.6c an upcoming catalyst. This will be a minor confirmation of a move back to the 13.5c figure.
3). Next target @ 13.5c will be the third test of this figure. High probability of pushing through this number on the third attempt, although no guarantees.

Fundamentally:

1). Following disappointing setbacks to production ramp-up, this problem may be behind SMO this quarter. Read the following; http://www.smcgold.com.au/announcements/06_02_23%20Improved%20Operating%20Performance.pdf
2). Targeting 80% copper recovery rates this quarter up from 65%, and 30% concentration grades up from 24%.
3). Plant throughput to reach 1300tpd by end of March, up from 1000tpd.