The announcement today seems very positive and if you note the geologist that has done all of the work is Andrew Bristow , check his credentials you will see he was geologist of the year a few years back, and has worked for the majors
Cant see him wasting his time on site in peru for LRS when the world is going crazy seeking profitable resources and quality geos like Mr Bristow.
Clearly he likes what he sees , and he has been with LRS now for over 2 years getting t to the point when the JORC according to todays report is still expected in November 2011 .
Sell side is thinning out again like it did 18 months back when it ran through 40c
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