Monday, July 4, 2011

Rodinia Lithium flying under the radar, according to Dundee Capital Management!

Salta ProvinceImage via Wikipedia“Top pick – Rodinia Lithium (RM) – 194% lift to our C$1.00/sh target. Rodinia is flying under the radar while developing two projects in safe jurisdictions – Daiblillos in Salta Province, Argentina, and Clayton Valley in Nevada where it is adjacent to the only US lithium producer. If we have a lithium sector “top pick” this would be it although this is a speculative risk stock. Our target suggests a triple and we believe we are still being conservative. Our production rate assumption is less than its peers and easily supported by its large 5 million tonne LCE resource. We exclude potash or boron production and upside potential. Where this stock struggles is that it will be likely last to the party with production due in perhaps 2015, and due to its small market cap.”

Dundee Capital Management

Other Analysts Target price for Rodinia Lithium:

Ubika Research - $1.12
Byron Capital Markets - $2.25

Price: .34 c
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