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23.0¢ talisman mining limited

Ann: New, high-priority exploration target identified at Lachlan, page-16

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setfire2thehive

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02/03/21

12:06

Post #: 51448213
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Originally posted by setfire2thehive ↑

I think that the 5% zonation is wide enough in itself. They've reported 1%-5% grades elsewhere as well. I think given the prospective nature here it's more than enough to warrant double/triple the MC considering many juniors with this MC are table rock chip samples and hoping for a sniff of copper.

27m at 5% copper means it doesn't matter about .5% elsewhere. 5% is outrageously good. The real test to whether this can sustain a mine now comes down to tonnage. There no doubt that what they do have is economical and now further tonnage will give it a tier 3/2 mine life.

IMV if you considered the project on it's own it's very good value. the 10m in cash and the other projects and the NSR royalty on 2 tier 2 nickel projects makes me feel this is a low risk option without the copper project.

Compare some of the penny stock copper grade hits and if anything comes remotely close to 5% with over 10m of intercept i'll sit up. Widespread lower grade can be ok but the grade determine then this will launch the MC because there only 1-2 mines globally which have 5% grading. 3% puts you in the top 10

https://wcsecure.weblink.com.au/pdf/TLM/01974981.pdf

worth looking into degrussa which sandfire operated. Not suggesting TLM will get anywhere near this degrussa had mind blowing grades but just showing that these are not a stretch. Especially lode on the right 20-30m width at 3-5% grade. Recalleding TLM had 27m at 6% and hasn't tested anything deeper.
They obviously need more overall tonnage which if theres a deeper feeder system should come. I think degrussa had 6mT at 6% grade which translated to the below economics back in 2011.

Guess who they bought the remaining 30% off that project? It was TLM.

additionally more work and drilling to ever prove something similar in overall tonnage

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Last edited by setfire2thehive: 02/03/21

TLM Price at posting: 10.5¢ Sentiment: None Disclosure: Held
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Ann: New, high-priority exploration target identified at Lachlan, page-16

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