Dow theory in action again.

WMC announced to the market April 11 that "it was sitting on a potentially world beating nickel find at its Quebec 7 prospect in Canada".

Chart shows someone already knew, and was buying. The stock is approaching all time highs. A break above is very bullish. I watch such stocks closely for trading opportunities and indeed long term investments also.

Mining discoveries like this may often completely revalue such companies.

Trend is up.