LI3 Energy Inc (fka LIEG)

[Dr_Vonschellan]

What is good_for_the_Chilean_gander is_good_for the_Chilean_goose.
Codelco is our next door neighbor in Chile. Codelco as everyone knows is the world's biggest copper producer and is now moving forward with its plans to feed into the booming lithium industry by creating Salar de Maricunga SA. Codelco's decision to create this lithium operation will most definitely with some serious heavy-duty muscle now encourage approval of improved legislation that allows easier and more secure exploration/exploitation (esp in Maricunga) of this national resource. Chile is rapidly shifting into a mode that encourages foreign investment and some more-progressive more-simplified new legislation on lithium mining would be a great enticement to increase future foreign dollars pouring into the country. Click Here for April 14, 2017 story.

Albemarle may indeed be stifling lithium brine mining competition in Nevada as a superior heavyweight lobbyist, but their chances of pulling the same industry-killing ploy in Chile against giant Codelco are near impossible. So by association we can rejoice in the old saying... what is good for the Codelco gander is good for the LIEG/MSB goose.

It would appear we only need to relax a little longer now and simply let Codelco's attorneys/lobbyists finish working their magic in the legislative halls of Chile's National Congress. Once Chile votes to minimize/rescind the outdated need to classify lithium as a "strategic mineral" (eg necessary in making nuclear bombs) and decides to free up the export quota on lithium for those miners in the Maricunga region also then the entire picture for Codelco, SQM and LIEG/MSB (who all sit atop Salar de Maricunga) is going to look a lot more promising.

The Doctor