Lomiko Metals Receives Speculative Buy Recommendation from Fundamental Research - Video News Alert on InvestmentPitch.com

March 16, 2016 11:35 AM EDT | Source: InvestmentPitch Media

Vancouver, British Columbia--(Newsfile Corp. - March 16, 2016) - Today's buy recommendation comes from Fundamental Research. Following the release of a NI 43-101 compliant resource estimate by Lomiko Metals (TSXV: LMR) (FSE: DH8B) (OTCQX: LMRMF), analyst Siddharth Rajeev gives the company a highly speculative buy rating and a fair value estimate of $0.15, a premium of 328% to the $0.035 price on March 11th, the day the report was issued.

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The resource estimate released by Lomiko Metals and its joint venture partner Canada Strategic Metals, was for their La Loutre flake graphite property in Quebec. The Flake Graphite Mineral Resource Estimate measures 18 million tonnes of 3.2% Indicated and 17 million tonnes of 3.7% Inferred, with a cut-off of 1.5% . The report noted there is 4.14 million tonnes grading 6.50% indicated, and 6.19 million tonnes at 6.11% inferred at a 3.0% cut-off. The project is now being advanced to a Preliminary Economic Assessment, which will include further drilling to confirm a resource in the refractory zone.

The company's wholly owned subsidiary, Lomiko Technologies, holds all of the technology investments made outside of the mineral exploration business.

Fundamental Research believes the technology division separates Lomiko Metals from comparable junior resource companies focused on graphite, and gives the company a competitive advantage due to the near-term cash flow potential of its investments.

Lomiko's investment in Graphene 3D Lab Inc is up by 276% and has been very attractive so far. Graphene 3D is currently pursuing multiple initiatives focused on developing and manufacturing graphene based materials for 3D printing, offering more than 100 graphene and related products to more than 10,000 customers worldwide, generating approximately $1 million in annual revenues. They recently signed an R & D royalty transaction agreement with a Fortune 500 company.

On March 3, 2016, Lomiko announced it has made a $650,000 investment in SHD Smart Home Devices, a company new formed by Megahertz Power Systems.

Graphene Energy Storage Devices, in which Lomiko had invested US$182,000 in 2014, has partnered with the Research Foundation of Stony Brook University to develop new supercapacitors designed for energy storage.

It is interesting to note that the recent Barcelona Mobile World Congress, with a record attendance of 101,000, featured graphene as the technology of the future. It was stated at the conference that graphene will soon be used on a commercial scale on liquid crystal displays, with graphene LCD touchscreens for smartphones, tablets and desktop computers and televisions in the early stages of development.

Lomiko currently trades at $0.04, well below the $0.15 target, and with 156 million shares outstanding, the company is capitalized at $6.2 million.

For more information about Lomiko, please visit the company's website www.lomiko.com, contact A. Paul Gill, CEO at 604-729-5312 or email info@lomiko.com.

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