Fundamentals, page-36

Welcome aboard Frank. Both you, Onspeed and recent new holders have got yourself a bargain, if LPI/MSB/BRZ (MSB JV) deliver, which I am very confident they will.

There is some concern about the LPI CEO vacancy, but Maricunga is a joint venture project which is managed by the MSB JV CEO and Board, so we are in good hands, particularly with Martin Borda and the MSB JV CEO Cristobal Garcia-Huidobro now on the LPI Board as well. Given the recent political sensitivities attached to the project, I think it is very important that LPI takes its time to find the RIGHT person to be able to navigate the sometimes tricky halls of Latin American Government and its bureaucracies.