Meerkat ,I think we both,like many others,have been trading some of the Doolgunna juniors successfully recently.I know I have had some good trades on AUC,GTE,RNI, for example .I no longer hold those.LSR and SRI are 2 juniors I have chosen not to trade short term as I believe they along with 2 other juniors are currently cheap at the moment.I don't believe one can easily chart LSR at the moment ,a few weeks ago when it was 17c wasn't in my opinion the time to be buying it ,now I think is .LSR and SRI are going to be primarily news driven.SRI on it's own exploration mainly and possibly a little if SFR,TLM or THX make another find .LSR won't be drilling for another 6 to 8 weeks but it may also run again on a discovery by any of it's neighbours .......and what a collection of neighbours it has ,AUC,SFR,THX,SRI,ALY,PEK .That is the main reason I don't trade it in the short term because decent news from any of those could see it running again .I do think that in comparison to AUC,GTE,RNI TLM,THX ,ALY that LSR is cheap .With it's small SOI and tiny MC it does have I believe ,the potential to be a star runner on the outside rail .Over the last few days I have been buying only 2 of the other Doolgunna juniors because I perceive that on their current prices they are cheap .I refer to RRE and EMG .Most of the other Doolgunna juniors are fully priced at the moment I think .
Also you mentioned the Jenkins fault in one of your posts ,to the north of the Jenkins fault running roughly parallel to it are two more faults ,one through SRI's most northerly lease and one on the border between Barrick Gold and LSR's northern lease which together I think make that particular lease of LSR's very conducive to either good possibilities of finds of Au or Cu .To the east of LSR's Ned's Creek block there are a number of good historical hits for Zn,Cu and Pb. Reading the reports on those from the companies who hold/held that ground I noticed they both mentioned that the likely source of the mineralization on their leases was to the west .....the company holding the ground to the west is LSR.Furthermore to the south of LSR I noticed today that a private company called Xstrata Nickel Australasia PTY Ltd which is a subsidary of XSTRATA holds most of that ground all the way down to SRI's southern leases.
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