Ann: LPD: Lepidico strategic alliance with Galaxy Resources, page-137

Better not. Have a read on the failed LIT - LPD T/O earlier this year.

I would rather bet on the fact that LIT doesn't succeed in building L-Max plant by 2020. They had exclusive rights since 2015. What are the chances that they stomp up the cash and build a quite sophisticated L-Max chemical processing plant in the next 2 years? Their last quarterly report doesn't indicate they are planning to build a L-Max plant any time soon. Instead they are pushing the Sileach tech.

It is just annoying that L-Max tech won't be directly available to GXY for processing of Mt Cattlin waste for the next two years and probably will involve dealing with LIT who has a 15.82% stake in LPD.