high grade copper, page-28

Im sure these great results would not have come as a suprise to those analysts who have been following laconia for a while.

http://www.laconia.com.au/images/uploads/Independent_Investment_Research_July_2012.pdf

To date, management have executed a perfect exploration strategy as follows:

1. acquired a proven high grade deposit from another failed explorer for a bargain price;

2. acquired a deposit in a known copper/gold/silver intrusion belt;

3. operating in peru, being a mining friendly and politically stable country;

4. executed options to acquire adjoining permits;

5. undertaken their own extensive surface sampling to confirm the existence of the deposit (which they have now done with these high grade results).

Based on this short history alone, these guys obviously know what they are doing and thats why i bought in on todays announcement.

DYOR !