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Talon Metals Corp T.TLO

Alternate Symbol(s):  TLOFF

Talon Metals Corp. is a British Virgin Islands-based metal company. The Company operates through mineral exploration segment. The Company is focused on the exploration and development of the Tamarack Nickel-Copper-Cobalt Project (the Tamarack Project) in Minnesota, the United States, which comprises the Tamarack North Project and the Tamarack South Project. The Tamarack Nickel Project comprises a land position of approximately 18 kilometers of strike length with intercepts outside the resource area. The Company is also focused on Michigan properties. The Company’s mineral properties are in the United States.


TSX:TLO - Post by User

Bullboard Posts
Post by Teatimenowon Jun 26, 2014 5:43pm
234 Views
Post# 22698471

understanding the deal:

understanding the deal: i`ve been trying to understand the deal and WHY Kennecott / Rio Tinto would JV such a high grade Nickel project. That actually has good infrastructure.

=> @ all! PLS share your thoughts as well!!!

I think it`s important to note that it`s
Kennecott that has the right to decide weather or not they sell all or keep 70%. My guess actually would even be, if the following thesis of mine is correct, they might even rebuy the 30% through a full takeover of TLO. However this possiblity is years away and for now, it`s important to note that Kennecott will remain operator. So its Kennecott People doing the actual work. For anyone who understands how difficult it is, to get good geologists etc. thats a clear sign of confidence in the project.
This clearly means, they ares still very interested in the project, but want OPM to confirm the deposit. In this case its T.TLOs money. Which is, for agressive investors a great chance.

Bottom line: It`s a "all or maybe nothing opportunity"

I`ll expain why:

This is the deposit:

User image

So the next drill campain will be a company maker, or not... , because...if there is no good ore in the orange area, which has not been drilled much, it looks like this

User image


so basically Kennecott is shareing the risk here, BUT if the shallower area to the south does contain economicly minable ore. It VERY MUCh looks like this deposit:

ASX.SIR - Marketcap 1.11 Billion AUS$ @ PFS stage
https://www.siriusresources.com.au/

User image

It`s rel easy to see what`S key here: a slowly dipping vertical decline instead of horzontal shaft.



BTW: here is how Voiseys Bay (VALE) looks like.
User image

Easy to see that again, the current high grade drill results area @ Tamarack is deeper than whats currently mined at VB. But, see above.


Conclusion: One of the most interesting exploration plays you can find currently and a great JV deal by T.TLO. Just my view of course.

DO YOUR OWN DD.

chrs
teatime


Bullboard Posts