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ckruel

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FCO target by Byrons

posted on Apr 11, 2011 12:48PM

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

April 11, 2011 10:35 AM EDT

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.

FOR FURTHER INFORMATION PLEASE CONTACT:
        Byron Capital Markets
        Cyrus Osena
        647-426-1675
        cosena@byroncapitalmarkets.com

Source: Byron Capital Markets

Re: FCO target by Byrons

ckruel

Apr 11, 2011 01:44PM

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