Welcome Onspeed and thanks for your enthusiasm. Looks like Martin is shuffling the deck chairs.
The best assay from one of the Maricunga holes was 3,400+ mg/l Li. What needs to be remembered is the extraction and export quotas refer to what comes out of the production plant, not out of the ground and I am very confident we will end up with new and old code quotas totalling over 2 million tonnes after further drilling and once the plant becomes operational and there is definitive proof about the BG LCE prodution process recovery rate. We will be going back to the Chilean regulators more than once over the next few years to up our quota BUT we have more than enough for the immediate future.
The only matter that is not normal pre-development due process over the next few months is what is going to happen to the non-Maricunga assets, namely the WA ground, which I believe could be very prospective. I favour a spin out but would not be too upset if the staus quo was maintained.
Signing off for now. Patience required.
LPI Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
