TLM 8.33% 26.0¢ talisman mining limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-17

  1. 377 Posts.
    lightbulb Created with Sketch. 294
    Nice. Here we come 22 million per annum royalties.

    Key numbers for me from above to establish the 5mtpa are:

    Last Quarter Royalty was based on: ramp up volumes

    Oct to Dec Quarter will be based on expected volume of: 2,212,000 wet metric tonnes.
    Increasing to first quarter Jan to Mar next year, expected volume of: 2,585,0000 wet metric tonnes.

    Based on this they are doing 5mtpa (4.797mtpa) already every 6 months.

    So it appears by end of next Q the mine will be operating at 10mtpa.

    Gents this royalty (next 10+ years) and potential for more acquisitions / development of existing permits puts TLM in an extremely enviable position.
 
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