eResearch Raises Price Target on Nemaska Exploration

Nemaska Exploration (OTC Other: NMKEF; TSX-V: NMX) completed an updated NI 43-101 technical report on its Whabouchi lithium property, significantly reclassifying the bulk of its inferred resources to measured or indicated.  On the back of this substantial improvement in the resource estimate, eResearch has reviewed its valuation methodologies, and is increasing its target price by 10%, from $0.95 to $1.05. The shares remain a Speculative Buy, and are suitable only for risk-tolerant investors.

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