I've been researching the implications of today's announcement and it is relevant to see that neighbouring AAR have recently completed a helicopter supported gravity survey that is coincident with a magnetic anomoly that has defined drill targets. They are targeting a large zinc/pb anomoly. Check out pages 14 & 15 http://www.anglo.com.au/_content/documents/669.pdf for more info.
The reason I highlight this is that perhaps Proto's announcement today could have gleaned info from this, since it is relatively close in proximity to Waterloo.
PRW Price at posting:
5.6¢ Sentiment: Buy Disclosure: Held