eResearch initaited coverage of Nemaska Exploration (TSX-V: NMX and OTC: NMKEF) with a Speculative Buy rating, and a Target Price of $0.95.
Nemaska is in the process of spinning off its non-lithium assets into a separate company while, at the same time, it is building on its relationship with its strategic partner, China’s Tianqi Group, which could jump-start Nemaska’s lithium business in China. Meanwhile, Nemaska is focused on bringing its Whabouchi lithium property, which is one of the world’s largest lithium deposits, into production by 2013. Tianqi could provide needed financing for this endeavour. To review the full report, just click on the graphic below: