Euroz posted a target price of $0.60 when the stock was at $0.48...

Euroz posted a target price of $0.60 when the stock was at $0.48 on the 2nd of June.

Macquarie Bank posted a $.055 outperform target price back on the 31st of May when the price was at $0.46.

Although I do not base my investment decisions solely on analyst reports, I do believe they are a decent indicator of where the price should be, give or take. Bear in mind three of the last four target prices by Euroz have come to fruition, I'm not saying everything they touch turns to gold but I'd like to think they have some idea of what they're talking about. So if we take these two prices and find the midpoint range it would be at $0.575 which is clearly a bit of a stretch from where we are currently sitting. I believe a fair price for Neometals at the moment would be around $0.45, just my opinion.

NMT have been sitting around the high 30's for a while now and found its new support and resistance levels. Its been trading without much volatility when compared to the other lithium plays which have been spiking a fair bit including GXY & PLS. Until they rise again I don't think we will break the 40 mark. Perhaps a slight rally after the dividend announcement.


But we all know where this is heading long term Gltah.