LI Shares Should Be Rerated to 2x Current Price

STEVEN GOLD, Clarus Securities Inc. (03/08/2011)
"Lithium One reported an inferred resource estimate of 5.4 Mt. lithium carbonate Eq. and 21.3 Mt. potash Eq. with average grades of 695 mg/L and 7,590 mg/L, respectively. We view the announcement to be positive for Lithium One as it confirms the project's high-quality lithium brine resource; we think LI shares should be rerated. . .this would imply a doubling of Lithium One's share price.

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