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26.0¢ talisman mining limited

Ann: Doolgunna Project - Exploration Update, page-315

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Empire07

267 Posts.

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25/06/15

13:00

Post #: 15528839
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Originally posted by eshmun ↑

estate09,

I think you are right the announcements have been giving the big hint to the market all along.
Although the contributions from a couple of the geologists on these threads have been informative I think that they were to sceptical of what SFR said in their original announcement. Not blaming them for putting me off, but my original read that the intersection was the real deal has the right one. I said early on that 5% Cu had been 25% factored into the share price so ~45cents x 25% = ~11cents or 56 cents. Given we got a grade of 18.9% I think the current share price is undercooking the previous expectations.

What's more the assay results have now de-risked the share price to some extent and the next round of drilling will give a better understanding of the true value of the find. Are there any thoughts on the question of true widths or how high the value of the shares might go if the "80m" hole hits similar grades?

Eshmun

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long time listener, very very very long time holder, first time poster
how long does it take to drill a hole 450m ?
maybe see another picture soon ?

TLM Price at posting: 62.0¢ Sentiment: Buy Disclosure: Held
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