LPI's true valuation, page-8

"...without having had the irrevocable mining approvals from the Chilean Government."

You should do you research well mate.
They already got the approval to mine in the old code tenements.
The new codes require the submission of the CEOL or partnership with Codelco.
keep in mind LPI withdrew the application before so I believe both parties probably negotiating for a better deal.
Secondly only Martin sold out. The Chairman and mr Borda still stilling the biggest holding in the company.