Meanwhile the Maricunga project continues to be developed under the original plan which involves the old code tenements for which we have a permit to extract and export.
This court action is all about diffusing the hand grenade tossed by the previous government. Prima facie its a little hard to think a court is going to say it's ok for a resources company to lay claim to part of another entity's resource - pretty much unheard of in the annals of global mining history. Its like me walking into my neighbour's house and saying F off I'm taking half your house and moving in my kids. Yeah right.
LPI Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held
