LI3 Energy Inc (fka LIEG)

[Dr_Vonschellan]

Our future rides on Martin Borda's_shoulders... and_that's_our_fate_from_now_on.
Martin Borda is the father of OUR project in Chile, He is OUR very-quiet, very-suave, very-low-profile, Superman-in-Chile doing the real paper/political/regulatory legwork for us in Chile.

At this juncture, I think it is safe to assume that Martin has enthusiastically supported presidential candidate Sebastian Pinera, and
Codelco has enthusiastically supported whatever Centrist Leftie (or Communista) presidential candidate is running against Pinera.

Codelco (the anti-hero in this story under the Centrist Lefties in power until March 2018) attempting to get the upper hand is contemplating whether to legally oppose/challenge Martin Borda's application to CChEN (Chilean Commission of Nuclear energy) and has petition CChEN to see Martin Borda's private application which was summarily denied (by the Bud Lite version Communistas) but apparently not fully killed through some strange bureaucratic quirk on October 20. In the November 14, 2017 news articles detailing this competitor's grab for key information on our project's potential please note the Spanglish reference to "White Salt Mining" is the inferior English translation of MSB, our long-time JV partner in Chile.
Click Here for Spanish
Click Here for Spanglish

Codelco claims to have 10 lithium miner suitors prepared to bid/lease/do-a-JV on their property in the Maricunga Salar region adjacent to our NewCo JV property of which we hands-down own the most premium section with the highest (and deepest) concentration of lithium. Note we are at the north end of the Maricunga Salar. The Nevado Tres Cruces National Park at the south end of Salar Maricunga sits inside the Codelco property and it is safe to assume there is lithium under this national park. This lithium I would bet cannot be extracted vertically up from the ground since the park "surface" would be damaged and enrage all the environmentalist tree-huggers for hundreds of miles in any direction. If that lithium "leaked" sideways horizontally into the Codelco property Codelco could argue that the laws of gravity are simply "doing their thing". My guess is that Codelco is however sheepishly banking on deftly incorporating that lithium from under the National Park to "enhance" their PowerPoint presentation total lithium tonnage estimate being pitched to these 10 wannabe lithium miners (mostly Chinese) but they need these gullible 10 miners to pre-sign a LIP (Leave in Place) agreement plus buy/control an additional 2200 hectares as a buffer to insure the integrity of the LIP for future generations of whiny environmentalist tree-huggers. You will recall last summer when Codelco demanded that Martin Borda pre-sign to acquire these 2200 hectares and Martin shrewdly told Codelco to go shove it.. hence we are not one of the 10 Wannabe Lithium Miner Suitors on today's list, tsk, tsk.

It could very well be Codelco knows that to make their Maricunga Salar property attractive to one of their 10 lithium mining suitors (including their bean counters) Codelco needs our Maricunga Salar JV property in order to have at face value on paper a horizontal land mass great enough to support the lithium tonnage they are trying to "sell" which oops-a-daisy/secretly/clandestinely includes the "leakage" out of the protected national park to give the illusion that the land outside the park is the only contributor to the total tonnage by employing a myriad of smoke & mirror fudged calculations/charts/slick-videos/graphs.

This 800-lb gorilla-in-the-room conundrum for Codelco is highlighted in the last paragraph on page 6 of 7 of the Sprott Capital Partners report November 10, 2017 report Click here.

To say the Maricunga NewCo JV has Codelco by the short hairs and that Martin Borda virtually controls the basic upcoming/maturing Codelco Salar de Maricunga deal is an understatement... Martin is completely in the driver's seat. And correspondingly therefore, you (the LIEG JV partner of Martin Borda) are in the driver's seat.

The Doctor