Talisman Mining Ord Shs TLM

Primary Symbol: TLSMF

Metals & Mining Industrial Metals & Minerals

Talisman Mining Limited is an Australia-based mineral development and exploration company. The Company is engaged in the exploration, discovery and development of opportunities in base and precious metals. It has secured tenements in the Cobar/Mineral Hill region in Central New South Wales (NSW) through the grant of its own exploration licenses and through a joint venture agreement. Its projects include Lachlan Base Metal and Copper-Gold Project, Mabel Creek Project and Yarindury Porphyry Copper-Gold Project. Its Lachlan Project encompasses approximately 7,100 square kilometers (km2) land position in the highly prospective Lachlan Fold Belt of central New South Wales. It also has over 1040 km2 of highly prospective tenure in Mabel Creek Project, which is a prospective for iron oxide copper gold (IOCG) deposits and intrusion related rare earth and battery metals mineralization. Yarindury Project is located 30km east of Dubbo in the Macquarie Volcanic Arc of central-western NSW.

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Talisman Mining Ord Shs

Bullboard Posts

Post by churgstrausson Jan 22, 2007 3:18pm

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Post# 12065748

RoBTV: David Cockfield on Oil

David Cockfield, senior vice president, Leon Frazer & Associates

On Oil:
I think we are seeing some of the hedge fund action on the market..I suspect we are going to have some pressure until this contract disappears, probably a week away..I do not see any change in the basics of the market..there have been some revisions down in terms of available non-OPEC production for 2007..there has also been shorting, then price will bounce back even faster

Oil, Gas Target:
I am more comfortable with $65, reasonable level..gas is North American commodity..think worst is over..production is lagging in Canada because they did not drill with price down..in meantime, tar sands absorbing more natural gas..with us exporting less to US, see price firming up quite nicely

Supply and Demand:
Nothing has really changed..I think there is lot of speculation..US economy ran well at $60..no fear that $65 oil would put US economy into recession..there has been concern about US recession and that would result in drop in consumption..in 2007 could see supplies tightening and demand continuing strong from India and China..

Oil Sands:
I am not as enthusiastic about oil sands as some others..there are real cost factors that have come in to raise cost/barrel..fighting to keep under $20, cuts margins down..technology still has some glitches in it..problem is oil sands companies with open land and no facilities..