Byron Capital Markets

Byron Capital Markets

April 11, 2011 10:35 ET

Byron Capital Markets Initiates Formation Metals Inc. with a Buy Rating and C$2.70 Target Price

TORONTO, ONTARIO--(Marketwire - April 11, 2011) - Byron Capital Markets is pleased to announce that it has initiated coverage today on Formation Metals Inc. (TSX:FCO) with a Buy rating and a target price of $2.70.

In this 19-page research report, analyst Jonathan Lee gives a comprehensive overview of the company, with specific focus on its late-stage high-purity cobalt mine, and the company's Sunshine Precious Metals Refinery in Idaho.

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

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