Sunrise Energy Metals Ltd SREMF

Gap up?

[dsandds]

No one who was in CLQ in Feb-Mar 2011 will ever forget the cliff we fell off when the resource error was discovered. We went from $1.50ish down to 70, back up to $1.10 and then fell hard to the lows after the class action was announced.I think we've cleared resisitance now based on hard bottom and intervening highs, and there's now a strong possibility that we will gap up to say $1.10-1.20 again because theres no resistance between 90 and there.True, there are more shares oustanding now, but only the last ones they were forced to sell at 36 to cover the remaining construction and working cap requirements (in order to get access to the rest of the financing i recall).Other macro forces notwithstanding, I'm extremely confident in this management team and the project completion to date. All we need is an annoucement that the carbonate circuit is up and running smoothly, then we're off to the races.Keep in mind that 15-20c earnings in a year is doable (thats $60M based on 20,000t at $6-6.5K per ton, with ~$3.2K/t costs). So say a multiplier of 8-12 takes us up above $1.50 per share.Thats not counting overproduction potential, higher market prices or the future coproducts benefit, which could double earnings.>