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Re: Company News - Thursday, May 17, 2012
eResearch Issues Initiating Report on Canadian Orebodies Inc.
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TORONTO, May 17, 2012 -- Canadian Orebodies Inc. (TSXV:CO) is a junior
natural resource exploration and development company with its flagship
Haig Inlet iron ore project located on the Belcher Islands in Hudson
Bay in Nunavut, Canada.
The Haig Inlet project is relatively unknown, but it already has more
than 500 Mt @ 35% Fe in a NI 43-101 compliant mineral resource.
Further, this resource will likely increase to more than 1 billion
tonnes as a result of the planned exploration of three new targets in
2012-2013.
We are initiating coverage of Canadian Orebodies Inc. with a
Speculative Buy rating, and a Target Price of $0.70.
This Press Release was prepared by eResearch and was not vetted by
Canadian Orebodies Inc. Further, the Recommendation and Target Price
contained in this Press Release and in the Initiating Report are
strictly those of eResearch and, due to securities laws, are not
endorsed by Canadian Orebodies Inc.
eResearch is a primary source for professional investment research,
focused primarily on small- and mid-cap companies. Our research and
analysis is of institutional quality, and has the potential for
reaching millions of global investors through our extensive electronic
distribution network.
For FREE access to all eResearch reports and articles, go to www.eresearch.ca.
Contact Information
eResearch
Bob Weir, CFA
Director of Research
(416) 703-6258 Ext 221
www.eresearch.ca
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Copyright (c) 2012 CANADIAN OREBODIES INC. (CO) All rights reserved.
For more information visit our website at
http://www.canadianorebodies.com/ or mailto:info@canadianorebodies.com
Message sent on Thu May 17, 2012 at 11:00:00 AM Eastern Time
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