Imo, the maricunga project is managed as a joint venture with a...

Imo, the maricunga project is managed as a joint venture with a full team in place to see through the operation aspects. LPI rolls in this is really to ensure accountability of deliverables, etc.

Given the WA asset has potential and supported by the government as well as in a much more stable jurisdiction (not saying Chile is not stable, but Australia is relatively much stable in ranking), there should be some explorations on this asset. Whether spun off or owned and explored, no objection from me as an investor.

Putting all eggs in one basket is always a risky strategy, although i am acknowledging that there could be an exit strategy instead of a build and keep strategy.

What decision is made here, it is really a reflection of the Board and Management foresights and skills.

Some CEOs are good at extraction value by efficiency (costs cutting). Some are good at creating value by growing the top line. Even better if he or she is good at both.

Just my opinion.