Byron Capital Markets

Byron Capital Markets

June 28, 2011 10:39 ET

Byron Capital Markets Initiates International PBX with a Buy Rating and C$0.90 Target Price

TORONTO, ONTARIO--(Marketwire - June 28, 2011) - Byron Capital Markets is pleased to announce that it has initiated coverage today on International PBX Ventures Ltd. (TSX VENTURE:PBX) with a Buy rating and a target price of $0.90.

In this 28-page research report, mining analyst Jeff Wu gives a comprehensive overview of the company, its exploration and development work at its eight 100% owned properties in Chile, and provides specific analysis on the company's 100% owned flagship Copaquire project located in the Andean Cordiera of Region I in northern Chile.

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

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