Byron Capital Markets

Byron Capital Markets

August 15, 2011 09:08 ET

Byron Capital Markets Initiates Cardero Resource Corp. at "Buy" with C$2.50 Target Price

TORONTO, ONTARIO--(Marketwire - Aug. 15, 2011) - Byron Capital Markets Ltd. is pleased to announce that mining analyst Jeff Wu has initiated coverage today on Cardero Resource Corp. (TSX:CDU) with a Buy rating and a target price of $2.50.

In this 24-page research report, Jeff gives a comprehensive overview of the company, with specific focus on the development of its flagship Carbon Creek deposit located in the Peace River coal field of northeast British Columbia, as well as the Pampa El Toro iron sands Project in southern Peru.

This report further exemplifies Byron Capital Markets' continuing commitment to research and, in particular, its ongoing efforts in the mining sector.

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