I generally don't trust any state-owned company from any...

I generally don't trust any state-owned company from any country. It is riddled with inefficiencies as it does not subscribe to the capitalistic principles of "adapt or die" because of the bottomless pit of money it receives from taxpayers (the irony of state-owned assets - suppose to enrich its citizens, but does the exact opposite in reality)

However, this will not delay our MOU with Codelco, as the production ramp-up period for Maricunga is three years. That means we go into 80% effective capacity around 2023/4. To wait for the exploration results from a small part of the Maricunga tenement before Final Investment Decision is exceptionally unliky. Construction needs to start this year for us to produce in 2023, which means finance needs to happen in Q1 or Q2 - but no later.

You, as an investor, need to ask yourself where your exit point is, for me its nothing below 0.65c. If you wait for production (3 years), LPI should be a $2.00 stock with dividend payouts.

I am glad that Codelco is seeking to explore Maricunga, as it all but confirms that EIA is approved for the mining of the lake.