Don't have access to the full report but this was reported on...

Don't have access to the full report but this was reported on the BRM site (which I hold shares in).

Macquarie initiated coverage of FRS this morning with an "Outperform" rating and a target price of $1.28:

We initiate coverage of FRS with a $1.28 price target and Outperform rating. Although FRS is so far without infrastructure access, FRS has a relatively good quality resource base with prospective upside, located close to major infrastructure systems. The investment case has a binary outcome, as without access to infrastructure / a haulage agreement, FRS will remain stranded."