PINL:OROCF - Post by User
Post by
vchesaron Nov 01, 2016 9:00pm
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Post# 25413358
Macro Investing 12 months Target $5.36
Macro Investing 12 months Target $5.36Macro Investing (Seeking Alpha 31/10/16) is projecting 12 months Price Target of $5.36 for Orocobre for the following reasons:
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* Orocobre looks set to announce that it will more than double lithium production at Olaroz in the near future.
*· With lithium prices expected to go beyond $10,000 per tonne and stay there, Orocobre is in a great position for growth.
*· Costs are staying low, leading to ever-increasing profitability