Don't get confused between the 'old' and the 'new' mining concessions.
The argument is all about the 'new' ones.
The mining approvals we already have are on the 'old' ones which is where all the work is being done to become a 'miner'.
I like to think of it that they are effectively arguing about our 'second' project and how it can be exploited.
There are two separate things going on here. If the market would start to value the company by what they 'can' do (rather than only on what they would 'like' to do in future developments) the market would see the undervaluation of the company as it currently stands.
Sometimes I think it would be easier for some to understand if the old and new concessions were miles away in a different country then people would start to see things how they really are (rather than 'next door').
Think of it in GXY terms - they are exploiting hard rock in AUS - but planning for brine at SDV in Argentina and then there is JB in Canada. They have approval and are producing on their AUS project and the others are still in planning.
Does that make sense?
Happy to stand corrected if others disagree.
Cheers
Hevlet
LPI Price at posting:
29.5¢ Sentiment: Hold Disclosure: Held
