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Strategies & Market Trends : Ride the Tiger with CD

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To: rubbersoul who wrote (26321)	3/3/2005 6:04:49 PM
From: Condor	Read Replies (1) of 312358

Got enough dynamite in there Butch? ++++++++++++++++++++++++++++++++++++++++++++++++ FCO.t Item - Union Securities Feb 28/05 Formation Capital Corp. (FCO-TSX) (www.formcap.com, 604-682-6229) is a metals company who is involved in exploration, development and refining in Canada, the US and Mexico. Its primary assets are the Idaho Cobalt Project and the Big Creek Hydrometallurgical Complex that includes the Sunshine Precious Metals Refinery. The Idaho project is an advanced state of permitting and development. The Sunshine refinery also in Idaho has been operational since June 2004. The Sunshine property was purchased to refine the Cobalt but they are also processing gold and silver. In early February Formation announced that also had hit significant uranium intersections on their Virgin River property in B.C. Cameco(CCO-TSX) is also involved. Positioned as they are with not only gold and silver but also supplies of cobalt and uranium both commodities in growing short supply Formation Capital has excellent prospects and is very well positioned. There are about 131 million shares outstanding. Highly speculative. Formation is another penny stock that jumped strongly in the mini mining boom of late 2003 going from around 15 cents to just over 90 cents. After the strong move Formation corrected just over half the move. This has formed a nice bottom on the charts and we have recently broken out on sharply rising volume and rising On Balance Volume. We may need to consolidate here before move higher. Projections on the move are up to around $1.10. Given Formation's growing participation in cobalt and uranium the prospects for the company may be for even higher prices. David Chapman is a director of Bullion Management Services the manager of the Millennium BullionFund www.bmsinc.ca

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