Pluton Resources Limited (ASX:PLV) Re initiation of Coverage, An Austock (ASX:ACK) Research Report

  Perth, Australia, Aug 23, 2010 - (ABN Newswire) - Following the recent resource upgrade and positive beneficiation test results we have reinitiated coverage of Pluton Resources (ASX:PLV).We rate PLV a Speculative Buy with a target of A & #36;0.76/share - based on our risked DCF valuation.PositivesPLV is an emerging iron ore story that is unbridled with any offtake deals, therefore potentially an attractive acquisition for an Asian steel mill.  

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