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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
Comment by Teatimenowon Jun 30, 2014 10:49am
144 Views
Post# 22705267

RE:RE:understanding the deal:

RE:RE:understanding the deal: what i specifically like about this deal is that TLO has the cash for Phase1 on hand:
1 million inital option payment + 10 million in phase1 drilling requierements
Cash on hand: approx 13million

Then if you look at the other assets of TLO, a sale of them should be enough to at least cover Phase2 requierements:
2.5 million option payment + 10million phase 2 drilling

Their other assets are:
*SHARES in ASX.TOU/TSX.VBRI/Larg. Dur.... = 5-6 million Can$ (as of today)
*Boikarabelo Coal Mine Royalty (capped at 3million) so i assume a NPV of 1,5million
*1-2% NSR on several V.BRI projects (BRI marketcap 70million), i assume a 4-5million NPV 
 Trairão Iron Project in Parà State, i have no idea in this depressed iron ore market, what it might be worth , but 5million should be the minimum

Bottom line: At a certain point they will raise funds, but there is no pressuring need, that could imidiatly limit the upside here

chrs
teatime
Bullboard Posts