News is leaked, I'm hoping trading resumes today as I don't see the point in staying in TH today.
This development helps explain why Martin wouldn't budge on the initial 20k tonnes p/a forecast even given the huge upside in NPV presented with a higher initial output . This should clear up the lack of confidence in the Chilean government that I think has been holding LPI back for sometime now.
There is also plenty more lithium underneath our 200m jorc defined asset for us to exploit in the grandfathered tenements before we even have to think of touching our land beneath. The msb tenements alone can sustain a multi billion dollar mine operation and I think lpi has been very smart to approach it the way it has thus far.
Offtake deal should be coming very soon, I'm hoping fulin takes the whole lot in one go but I may be wishful in thinking so. Either way this is another huge step in dereisking the project, onwards and upwards!
LPI Price at posting:
37.5¢ Sentiment: Buy Disclosure: Held
