@rcw1 I was confused by the reference to 4 years as well. Now I don't have an opinion. If there're 4 years left I'd say it was a very poorly explained announcement. I looked at another forum and someone, Baby Doc, had the confidence and took the trouble to ring the company Quote:
"Like most shareholders, the attraction I have towards TLM is due to it being largely self-funding. This is pretty unique, there are few junior explorers who can boast the same.
I spoke to TLM's CEO Andrew Munckton this morning. He tells me that "its business as usual at Talisman, the (Wonmunna) royalty isn't going to fall off a cliff anytime soon."
He tells me that as much as 60% of Minres' Pilbara iron ore comes from Wonmunna. Although Wonmunna has additional reserves that will be explored over the next 12 months, Minres is also looking further afield for long term projects with 30 plus years reserves. . Wonmunna is definitely good for another 4-5 years, with that timeframe likely extendable once additional reserves are confirmed. So the worst case scenario is that we have another 4-5 years of royalties coming to us. With a bit of luck, that could be extended further, hopefully another 4 years, its not possible to say for now."