Ann: LATIN REPORTS INITIAL 119 Mt JORC RESOURCE , page-3

re: Ann: LATIN REPORTS INITIAL 119 Mt JORC RE... Massive in my opinion , not as a ST trade but a hold and wait for the big boys to see just what LRS could have within their 3 projects

This is only a very small area , approx 5% of the guadalipito land bank , which is in excess of 16000 hecatres .

Even in such a small area to show around 120mt of commercial heaomotite is well above my expectation

In my view the big boys in the proximate area like BHP , annaconda ,a nd 3 or 4 chinese major mining companies mwill be most impressed .

Junefield who paid 28c to get 16% and do a JV on the Mariella project will have very big smiles knowing they have got in with such a cheap an entry point .

All just my opinion I am long CFE hoping that Tony sages cash vault would take LRS out for the benfit of od CFE holders , but also own LRS as well just in case someone else also likes wht Chris Gale and his strong Geo team are doing in Peru .