10:14 AM EST, 11/21/2018 (MT Newswires) -- Nemaska Lithium (NMX.TO) was steady at $0.80 in recent trade after BMO Capital said it continues to rate the stock with outperform with a target price of $1.45.

BMO said despite lithium price concerns, risk/reward on Nemaska Lithium is compelling. An innovative conversion process could place Nemaska Lithium at the low end of the lithium hydroxide cost curve, providing insulation and $3 upside potential. However, as the commercial plant must scale ~65x, the broker said it conservatively models higher costs. This still produces a ~$1.45/sh base case NAV, it said.