Vertus Initiates Coverage of Medallion Resources

 Financial services firm Vertus has put out an equity research report on Medallion Resources Ltd. (TSXV:MDL). The report gave Medallion a sector view of “outperform.”

According to the report:

By way of an innovative approach to the industry, Medallion has arrived on the doorstep of production unencumbered by the considerable cost, risk and time associated with discovery and development. The key to Medallion’s ultimate success hinges, of course, on its ability to secure a long-term monazite feedstock agreement. Big-company inertia has no doubt frustrated the process from Medallion’s point of view but the Company clearly has the ear of the monazite supply sources and has entered into advanced discussion with a number of potential suppliers.

Read the full report here.

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