RE:RE:RE:Some huge potential for TLOThanks for the reply. So they currently have ~18% interest but also the option to buy up to a total of 60% interest. I wonder what the additional 42% interest will cost them? All the numbers in the PEA look great but lose a bit of their luster when multiplied by .18 for Talon's "share."
Geobizz7 wrote: Hey Triumph, Love this time everybody is making good profit with the stock. You just have to know when to get out and not be too greedy. Some project you know they are not going to get buitl you have to get out when you made your money.
Project like Tamarack, you can see that going into production, there is lots of example at this grade in the past that made good money.
back to TLO, they do not own 18% of the Tamarack project, in theory. Their agreement is locking them at 60% of the project with 100% of the negotiating right on the off-take for the JV. IN a good market like today , the market is seing them at 60% already. they have proven their ability to raise money and its a CAPEX that is reasonable to finance at 350M$. My rule of thumb is a capex less then 450M$, IRR of >25%, loan paid in 2 years or less that is a good project.
SO with 60% the math is different
at 500M% market cap today with 60% of project would view the project value at 850M$ and the new PEA puts the value of the project at 570MUS$ or 770MCa$ not bad. I guess the market puts a premium as to a be High grade. Very little tailings, small foot print from an environment. Low carbon foot print has they dont have to move lots of rock for producing about the same amount of metal, and 9 year mine life is good mine. Beyond that who knows what the Ni price will be . technology changes quick and Ni is not there forever. Look at Cobalt what happen.