Ann: Response to media speculation, page-105

No, just away from home for a while. The price action is cute on the back of the news articles. However, this is the calm before the storm. Martin Borda (one of Chile's richest who owns 1/3 of LPI) wants to see a 2-3x on his return. He was given 0.55c p/s for consolidation, $1.10 - $1.50 is what he wants. Anything below that, and LPI would not have allowed DD for Codelco.

This "leak" from news agencies, does give the opportunity for those who sold out of LPI recently top get back in at a discount.

Codelco and its "alliance" partners can't do jack sh*t on Maricunga without LPI's development work and permits. Rothchilds with financial backing.

Can't wait for my bottle of grange.