Ann: Latin signs binding term sheet for Copper JV in Chile, page-16

In my opinion the key to LRS is not Chile , it is the drill results of either of the 2 JV currently taking place

If Southern copper Zahena get grades above .35 they will take this to production as to is on the rail line of Tia Maria

If First quantum have any hits on illi sur a JV will be executed in a similar manner and bring cash and allow LRS to get the free carry to production in a JV

LRS shareholders like Graham , and many others have been waiting for 3 years for this drilling to occur so there is a lot at stake and the LRS partners are billion dollar companies who will have no issue financing LRS in to production

Probably 4-5 weeks wait till Zahena drilling is ready to be analysed i expect .

LRS might be the christmas present for those with large holdings.

Guado and Chile might be the wild cats but in my view it is the copper projects at Illo that hold the key to the 5 to Disallowed from this price point not a nice cash flow positive Chile project

Just my opinion