Wallabies CEO Phil Waugh remains optimistic for Lions series despite dire form

Waugh feels the demoralising loss to the Pumas hid improvements made under former Ireland head coach Joe Schmidt's in his first six months in charge

Joe Schmidt speaks to Phil Waugh during a Wallabies Captain's Run

Rugby Australia chief Phil Waugh still believes the Wallabies will be tough opposition to the British and Irish Lions next summer.

Joe Schmidt's national side suffered the biggest defeat in their 125-year Test history when they were comprehensively defeated 67-27 by Argentina on Saturday.