TLM - Talisman Mining

[sydneysider]

TLM - Talisman has issued 47,545,000 publicly trading shares and 12,959,000 unlisted shares. 22,632,000 publicly traded oppies and 6,900,000 unlisted oppies.

The company has a number of Western Australian properties mainly in the Pilbara. Its Wonmunna property is currently attracting speculative buying built around the potential to prove up very substantial quantities of iron ore. Channel Iron Deposits and deeper Hematite targets are measured at 100 million tonne potential and are currently being drilled. Location of this target ajoins two rail lines and a highway and is surrounded by major iron ore deposits.

TLM could possibly be compared to BCI - BC Iron before it took off and their targets were about half the size (or smaller) than the TLM Wonmunna targets. BCI is at $1.45 and has issued 54,000,000 shares and 4,800,000 oppies. TLM is currently at 40 cents and has risen quickly from under 20 cents

 

[Pat]

TLM is definately an interesting stock sydneysider.
The oppies have moved a bit the last few days and now at premium to the heads. These guys seem to be surrounded by the big guys I guess it's just a matter of time.

 

[Pat]

Well a super strong close, I managed to pick some up at 38 cents today.
Where have all the sellers gone??? Thinly traded stock thats for sure. Any ASFers on this one?
Looks like the SP wants to hug the top bollinger band and continue the run after a little bit of a cool off from some crazy up's.

These guys have an estimated 100mt+ of marra mamba in the heart of the Pilbara. Over looked by the market IMO.

 

[sydneysider]

Well a super strong close, I managed to pick some up at 38 cents today.
Where have all the sellers gone??? Thinly traded stock thats for sure. Any ASFers on this one?
Looks like the SP wants to hug the top bollinger band and continue the run after a little bit of a cool off from some crazy up's.

These guys have an estimated 100mt+ of marra mamba in the heart of the Pilbara. Over looked by the market IMO.

I was also watching the close yesterday and it was very strong. Will be interesting to see where this one goes. It has iron ore potential that goes into the hundreds of millions of tonnes. This is based on their recent presentation on their web site and the recent announcement about their just completed drill program. In terms of market cap it has multi bagger potential (see earlier postings). IF this one goes into "play" it may fly.

 

[Pat]

I was also watching the close yesterday and it was very strong. Will be interesting to see where this one goes. It has iron ore potential that goes into the hundreds of millions of tonnes. This is based on their recent presentation on their web site and the recent announcement about their just completed drill program. In terms of market cap it has multi bagger potential (see earlier postings). IF this one goes into "play" it may fly.

Yes! I saw the value of TLM too, thats why I got my small package. Now to just sit back and watch the fight. Glad I bit the bullet and got in yesterday
Still not much interest from ASFers... maybe there aren't enough shares to go around? Not much TMLO for sale either.

 

[Pat]

Shezes, I didn't see that move comming, 25% gain today! TLMO is going nuts this week. Can someone tell me why the oppies are so sought after when such a premium is/was being paid?

 

[dj_420]

Well the cats out of the bag now!

I would suggest the oppies are commanding such a good premium as they have a super long expiry, 2010.

I have put up this detailed map of the area that TLM has and its surrounding neighbours. Almost all of the neighbours are majors and TLM actually has a vary large tenement in comparison to some of the others.

This area mind you is in the very heart of the Pilbara.

TLM have had some good drill hits on an exploration drilling campaign

http://imagesignal.comsec.com.au/asxdata/20070928/pdf/00764161.pdf

The avg is around 12 metres deep with some nice 18 metre hits there at good grades. It is also noted that at the depth of each hit is a higher grade core. These were some good results on the marra mamba outcrop.

Also from recent announcements:

"It is significant to note that Poondano, from their limited drilling, estimated an area of
mineralised Marra Mamba, open in all directions, of 1.5km x 0.5km with an average of 15.7m
@ 58.8% Fe. This is a very significant starting point for an aspiring junior iron ore company."

If we take an estimate of this area we could get a potential 1500 x 500 x 15 x 58.8% = 6 615 000 cubic metres, times that by the density of fe which is 3.5 tonnes per m cubed and we get 23 million tonnes of DSO. Or as the resource companies would put it 40 million tonnes at 58.8% fe. This figure of course is a back of envelope figure. If any figures are incorrect please feel free expand.

I would suggest however this is a great start to any junior drilling campaign. Recently 2000 metres of drilling has been completed and assays are expected back around November.

 

[Pat]

Well the cats out of the bag now!

I would suggest the oppies are commanding such a good premium as they have a super long expiry, 2010.

I have put up this detailed map of the area that TLM has and its surrounding neighbours. Almost all of the neighbours are majors and TLM actually has a vary large tenement in comparison to some of the others.

What cat would that be DJ? A scruffy maingie one?
Has the market awoke form it's slumber?
Depth is looking stronger and stronger, a lot of demand at the moment!

 

[dj_420]

Considering the run all the other iron ore stocks have had of late, and on rock chip samples mind you. I would consider TLM to be a great play.

They have proven drill hits, some good areas for exploration, awaiting drill results, surrounded by majors, small market cap, etc etc.

 

[sydneysider]

Considering the run all the other iron ore stocks have had of late, and on rock chip samples mind you. I would consider TLM to be a great play.

They have proven drill hits, some good areas for exploration, awaiting drill results, surrounded by majors, small market cap, etc etc.

Great work on the map. The address is very impressive, the Double Bay of iron ore. Look at the neigbors. IMHO we are going much higher.

 

[roland]

In at 0.53 out at 0.57, very happy with that. Thanks for the heads up today from the forum guys and gals - great day!!!

 

[Pat]

I thought a speeding ticket was in order.
Of course we got the usual response.
Why the sudden interest.
TLM has had some big (crazy) up days. I suppose it's the lack of liquidity that contributes to such days.
I'll be holding this for a while, reminds me of UMC. I'm not making the same mistake twice. Patience is a vitue I must practice.

 

[dj_420]

TLM presentation highlights massive potential for significant iron ore discovery. Also shows the proximity of the nieghbours adjoining their tenement.

Some good hits in the past and assays due next month. IMO this one could be the next YML.

Also states they have the potential for 250 mt of DSO.

 

[dj_420]

Just to highlight the resource potential on TLM tenements.

In the ann on the 14/08/2007 it states:

"It is significant to note that Poondano, from their limited drilling, estimated an area of mineralised Marra Mamba, open in all directions, of 1.5km x 0.5km with an average of 15.7m @ 58.8% Fe.

This is a very significant starting point for an aspiring junior iron ore company. It is readily apparent that Talisman has in its possession a significant iron ore project, with excellent potential for the definition of a mineable resource."

Now is we take those esimated figures we get 1500 x 500 x 15.7 = 11 775 000 x 3.5 tonnes (density of iron ore per metre cubed)

= 41 200 000 tonnes at grade of 58.8% fe.

Now this is just on the Northern marra mamba section of the tenement.

In the latest ann regarding the completion of the drilling program TLM stated:

"The eastern most drill traverse located a concealed palaeochannel which, in the drill ltraverse, is up to 35 metres deep and greater than 600 metres wide.

This channel has infill of CID, including pisolitic iron and clay layers, and is probably the western extension of the high-grade CID outcropping, off lease, approximately 4 kilometres to the northwest.

It would appear, from this work, that this newly discovered CID channel has a minimum length of approximately 3 kilometres within the project area."

This North Eastern deposit is up to 35 metres deep 600 metres wide and potentially 3 km long. It would be premature to estimate how much ore could be in that target although this area was targeted in first round drilling which saw grades of 57.3% in the direct vicinity.

This is a fantastic intial target and the company has stated:

"Although thus limited, and although no drill evaluation of the Southern or Eastern Marra Mamba has yet been completed, it is believed that this first pass drilling is of sufficient scope to define the overall potential of the project area to host commercial iron ore mineralisation."

This shows the commerical potential of just the north eastern CID. So there are at least 2 highly prospective targets which will be targeted as long as pending drilling results warrant a further round of drilling and begin resource delineation.

 

[evwatkins]

Thanks for the info Dj i have been reading up on this company in the past few days, its seems this could have some potential behind it. I will be considering a purchase over the next week or so.

 

[dj_420]

Also interesting to note the TMI for the TLM tenements. On these charts red represents areas of the earths crust that have high concentration of magnetic minerals.

You notice on TLM chart that almost the entire 1/3 or the eastern part of the tenement has high concentration of red indicating a continuation of the CID outcropping channel from the north east off the tenements.

From the last ann they had discovered a hidden CID channel within the area highlighted.

 

[dj_420]

Nice opening today on TLM, interesting to note that even after it has run 100% there were still very few sellers.

Looking forward to drill results on that north esatern section of the tenement.

 

[sydneysider]

Nice opening today on TLM, interesting to note that even after it has run 100% there were still very few sellers.

Looking forward to drill results on that north esatern section of the tenement.

TLM is looking very strong again and just touched 92.5 cents. There is no sell off..just quite periods a few shares change hands.....i have posted several charts at the "break-out" thread which does a minute by minute count...it really points up the lack of sellers.

 

[yuyry002]

Is this one gonna stop? I was hoping to grab some if it retraces. Looks like I'll have to wait a while.

 

[dj_420]

Is this one gonna stop? I was hoping to grab some if it retraces. Looks like I'll have to wait a while.

Yeah chart does look a little scary, I think a retrace to 70 odd cents is on the cards. A 100% run in less than a week, there should be some substantial profit takers coming out of the woodwork by now.