clips from newsletters The clips below rate RM as speculative and generally set a target price of a $1.00. We finally had some movement today, it has been a long time coming. Maybe the Talison takeover by Rockwood has spurred interest in lithium or just the run-up in the metals. I hope it continues.
The Energy Report Interview with Jonathan Lee (9/4/12) "Rodinia Lithium Inc. has a small salar in Argentina and is very cheap. It does have a joint venture with Shanshan Tech Co. Ltd., which is a battery manufacturer in China. . .a company like Rodinia may benefit, given Shanshan's relationship with Tianqiu Lithium and, subsequently, Talison. . .I really think the Argentinean story is the place to be. Rodinia Lithium [is a] near-term producers that should potentially be in production by Q1/13. [It has] completed its financing.
Ray Goldie, Salman Partners (6/14/12) "This morning, Rodinia Lithium Inc. announced its intention to increase the size of the previously announced potash stream financing to 4.5M subscription receipts (from 3M subscription receipts previously). Pricing remained at CA$1 per a subscription receipt and aggregate proceeds of this non-brokered private placement should increase to CA$4.5M. . .we reiterate our CA$1.05 target price and our Speculative Buy recommendation on the shares of the company."
The Energy Report Interview with Mansur Khan (5/17/12) "Going over to the brine-developer world, I would highlight Rodinia Lithium Inc. We have it rated Buy, Speculative Risk, with a target price of $0.80. This is a lithium brine developer with its flagship 100%-owned Diablillos project in the province of Salta in Argentina, which hosts resources of about 5 Mmt of LCE and is adjacent to one of the largest lithium producers in the world, FMC Lithium Corp.'s Hombre Muerto project, which has been producing for decades. Diablillos has high lithium and potassium grades and low impurities that could enable economic extraction, and the PEA put out last year suggests robust economics. With cash costs coming in at a bit over $1500/t of LCE, along with a strong potash byproduct credit potential, the company is envisioning production of 15K tpa of LCE. Aside from the flagship project, Rodinia also has a brine project in Nevada adjacent to Chemetall Foote's existing project there. But despite all this, the company trades at a large discount to its brine-base developer peers. We estimate an enterprise value of about $3/t, compared to the average of about $10/t. . .management is being prudent with cash, but it is steadily moving the project forward. Also, it does have the Chinese company Ningbo Shanshan Co. at its side. . .overall, what we like about this story is that the company has a salar that it is not sharing with anyone else, and it will potentially have two large lithium producers right in its backyard, FMC and potentially Galaxy, both of which have talked about expansion. The company has a strong management team, and both CEO Will Randall and head of exploration Ray Spanjers have extensive experience in managing projects
SmallCapPower Interview with Jonathan Lee (4/13/12) "The supply and demand dynamics currently favor the suppliers in the sense that demand has out-stripped supply over the last year. . .on a going-forward basis we like any companies that would be potential low-cost entrants into the space. . .we have a CA$0.95 target and a Speculative Buy rating on Rodinia Lithium Inc