Not that I like Macquarie but if you read the actual report (http://www.macquarie.com.au/dafiles...cs/2016-08/AustralianLithiumMiners090816e.pdf) you'll see that:
* They talked about oversupply of Lithium
* They liked ORE, giving it price target of $5 (share price was $4.33 at the time)
To quote "Orocobre remains our preferred pick in the lithium sector as it is already in production and has been able to realise current off-contract pricing. "
Ann: Quarterly Activities Report-ORE.AX, page-83
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