Ann: Change in substantial holding, page-9

Good to see articles like this - Chile’s finance minister navigates coronavirus, recession and protests:
https://www.ft.com/content/5de80baa-a636-4b1f-bbd2-6e9c81645f0b

Highlights:
"Next year Mr Briones expects a strong recovery with growth of “more than 5 per cent in Chile”

"Mr Briones states “We are in a completely different situation from that which triggered the protests late last year . . . it redefines the whole political and economic discussion, where the recovery ability to generate employment and income, become a national priority,” he said."
Source: https://www.ft.com/content/5de80baa-a636-4b1f-bbd2-6e9c81645f0b

What is it really like in Chile:
The above is what politicians are saying, so for me it is more important to look at what are major companies experiencing in Chile, like BHP. Let us look at a major Chilean $2.4B Capital Expendature, the "Spence Growth Option" -

BHP statement:
"The Spence Growth Option is continuing to progress, however the schedule is under review with first production potentially
delayed until early in the 2021 calendar year as a result of lower headcount on site, reflecting the decision to reduce the
occupancy at the construction camp, to facilitate social distancing protocols."
Source: https://hotcopper.com.au/threads/ann-quarterly-activities-report.5352526/

LPI implications
So in all, there is some delay, but not any major delay as far as mining construction is concerned. This is consistent with what LPI management has bee saying - from a interview with metal news in June 2020:
"So, we're fairly confident that as the lithium commodity price picks up, in combination with us advancing the development of our project, that our market cap will grow substantially. So there's a real investment opportunity, we think, at the current time in a Company, which has leverage to that lithium price uptick and also to a permitted project. So the catalyst for the LPI stock is finalization of the Codelco joint venture. That in turn, potentially brings some strategic partners into the company to underwrite our off-take agreement; potentially some development capital alongside that; and then we will finalize the project finance debt. All of those key milestones in the next six months or so, which will allow us then to commence construction in 2021."
Source: http://metalsnews.com/t1305847i

My portfolio is transitioning from milk to lithium - I am now at 60/40. I have full confidence in this project.

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