Macquarie recently toured the Hombre Muerto West project in Argentina and notes, being adjacent to other brine lithium projects, this could improve the carbonisation productivity for existing operators.
The broker narrows its forecast losses for FY23 by 4% and FY24-25 by 8%. Outperform rating retained. Target rises to $1.80 from $1.70.
Target price is $1.80 Current Price is $1.25 Difference: $0.545
General Discussion Banter GLN, page-11914
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