No discount for Chile as it is has rated at or near the top of...

No discount for Chile as it is has rated at or near the top of the list as the most attractive mining investment destination in South America for a very long time. See Fraser Institute reports.

The Chilean economy is robust and stable and Chile has a very strong democracy.

The Boric Government is an aberation and the new lithium policy (which LPI helped draft) makes no difference to LPI's Maricunga project.

LPI controls the Maricunga salar in terms of access to infrastructure, access to the salar, off-salar land-holding and water rights.

Whoever controls LPI's holdings controls future development at Maricunga, the second highest grade lithium resource on the planet. A resource that should tap out at over 6 million tonnes and 1,000 mg/l Li plus when it is drilled out.

And best of all, the project sits near the bottom of the lithium brine and hard rock cost curve.

There is no need to sell at a discount, if the Board chooses to go down that route.

40 to 50 percent of the stage 1 project NPV is a good starting point.

As the CEO has said on numerous occasions, all project deliberations and negotiations will be based on project NPV, not market value.