Lithium report and LPI overweight, page-30

Agreed Onspeed. The resource and project metrics are compelling.

Who knows what the machinations are for Maricunga going forward. The ASX announcement addressing the resolution of the Litio issue talked about LPI/MSB working closely with the Chilean Government in developing the Maricunga. I know that our great friend tradies is going to flip his lid for me speculating, but I feel the outcome of discussions with the Chilean Government has changed the dynamic of Maricunga's development completely. The key question is, does the outcome of these discussions have a potential impact on the LPI/MSB EIA, and is this a key reason for the delay in its lodgement? The GREAT UNKNOWN is what role Codelco play at Maricunga in future? I think we will know the answer to the last question within six to nine months.

A key reason I invested in this stock is because if the project is sold or LPI is taken over, everyone should get their monay back and more. I heard from a very reliable source that an informal takeover of LPI was made in 2017 when the Maricunga project was still emerging and lot riskier than it is now. The offer was 88 cents a share. I think we are covered.