Ubika Research Initiates Coverage of RM

VISHY KARAMADAM, Ubika Research (03/08/2011)
"Lithium junior with a world-class resource is well positioned to be significant player. . .[with] projects in prolific lithium-bearing region, high potential to become a lithium producer, aggressive development program for 2011 and is well funded with a strong management team. Rodinia has a NI 43-101-compliant inferred resource at Salar de Diablillos of 4.96 Mt. LCE and 19.8 Mt. potash. . .a significant announcement when current world consumption of lithium is ~120 Kt. LCE/year, [as it] represents 40 years of present global demand.

We recommend Rodinia as a levered play to lithium-oriented investors and very shortly will update our Ubika Model Price (UMP) and Ubika Rating, both currently under review. . .Ubika Research is initiating coverage on Rodinia Lithium Inc., an advanced stage lithium exploration company focused on the Salar de Diablillos project, a brine-based lithium venture in Argentina."

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