NEW YORK, Nov. 1, 2004 (PRIMEZONE) -- (Investrend Research Syndicate) Fundamental Research Corp. has made available a report dated October 28, 2004, issuing a rating on Commerce Resources Corp. (TSX Venture:CCE). The following is a summary of the full report; the full 18-page report is now available for a limited time at http://www.fundamentalresearchcorp.com and http://www.investrendresearch.com
Commerce Resources is an emerging mining and exploration company. The company's primary asset is the Blue River tantalum and niobium project in central British Columbia. The Blue River project, composed of the Fir and Verity properties, is an exploration stage tantalum deposit. Tantalum, is a specialty metal that is used in everything from mobile phones to Playstations.
Fundamental analyst Michael Casserly, MBA, believes that tantalum is experiencing an increase in demand from the global high-tech community. The Fir and Verity deposits are believed to have enough tantalum to justify proceeding with a pre-feasibility study. The analyst also believes that industry dynamics, such as financial troubles at the world's largest producer Sons of Gwalia, and the focus on finding resources in politically stable nations, have positive implications for firms such as CCE.
Both Fundamental Research and Investrend Research subscribe to the "Standards for Independent Research Providers" at http://www.firstresearchconsortium.com . A fee of less than $7,000 was provided to Fundamental to conduct research on the company. Fundamental takes steps to ensure independence such as setting and collecting fees upfront, prohibiting analysts from trading in covered companies, and engaging analysts who are bound by the CFA Institute Standards of Professional Conduct and Code of Ethics. Fundamental's editorial control, timing of release, and release of liability for negative reports is protected contractually.
The full 18-page report is available for a limited time at: http://www.fundamentalresearchcorp.com/PDF/cceissuing.pdf and http://www.investrendresearch.com . Investors are advised to read disclosures and disclaimers carefully before trading in the equities of any company under coverage.
Anyone interested in receiving alerts regarding Commerce research should email contact@investrend.com and distribution@fundamentalresearchcorp.com with "CCE" in the subject line.