TLM - Talisman Mining

[gfresh]

The drill result is not impressive at all.
a lot of hole's grade is below 55%. the dust is too much. bad luck.

Rubbish.. I don't think you even looked at it properly. Do you notice the red (being >55% Fe) being dotted along many km on the diagram? This means the *majority* of grades are greater than 55% It's only very widely spaced reconissance drilling at this stage, because of the size of the deposit it's going to take a while before they can narrow it down.

The grades granted are not DSO 60%+ (which are rare), but the majority are 50-60%+ and some of the lower grades can be blended to produce a good mix.

JORC will be as large as many of the other good sized Hematite deposits out there, a simple width x length x depth x specific gravity equation will give you some idea.

The only concern is the lack of deep intersections so far, which will limit it's potential as a very large resource - but it still won't be 20-50mT I can tell you that..

 

[Bushman]

Nice set of drill results with 3 NMM holes having hits >61% with low silica. That is the DSO-type stuff if I am not mistaken. NMM looks like it might have the goods. JORC in August '08.

 

[inefekt]

Howdy investors,

I just recently bought into this stock. In regards to the lower grade drill results, I remember reading that most of these were expected to be insignificant as those holes were outside of the anomaly zone?
My broker is very bullish on this one, expects things to happen around JORC time in August.

 

[Tiberium]

I can't believe Talisman Mining SP has gone down by 20% after announcement: "Inferred resource of 44Mt @ 55.9% Fe, inclusive of 28Mt @ 57.4% Fe.
Is it because of the grade or the quantity that caused the market unimpressed? I think there is still plenty of upside as this result covers only resources from one area and there are still more areas that the results are pending to be announced.

 

[Bushman]

Harmanis has brought in one of his old Jubilee execs to run the show at TLM. ASX announcement issued today.

He has not given up on his investment. Interesting.

SP has been spanked along with all junior iron ore small caos - down to 10 cps.

 

[Bushman]

Exploration keeps delivering.

70% increase in Wonmunna resource plus 10T DSO @ 61% Fe.

Deposit is in the Pilbarra near key RIO/BHP mines.

TLM timing is out with the iron ore spot price plummeting but no doubts about it - Wonmunna is a choice little deposit.

Best of all, they keep exploring and drilling. That is, after all, what a junior should be doing.

Cash of $5m means they have another year and a bit of exploration before they need to raise dosh. They have managed 70MT deposit in seven so this will give them plenty of time to delineate a economically viable mine.

The rest, i.e. the global economy, is out of their control. In times like these, you can only control (i.e. drilling, exploring, enhancing the value of the asset) what you can control.

I do not own these (I used to and sold out in the mid-50's for a loss) but the market cap of $10m is very low IMO even in the face of a global downturn.

 

[gfresh]

Still holding some options for these guys. Probably should have sold the lot, but as you say, appears undervalued compared to other co's still hanging on for better times. I've got until December 2010 for the world economy to pick up somewhat, so there is a fair bit of time to go

Ex-Jubilee execs are a positive, and more likely to secure some sort of deal if they decide to mine.

It has impressed me that they have said what they have planned in the last 6 months or so, and have gone ahead and done it, without excess costs, major delays in drilling, or the other issues surrounding many other hopefuls.

78.3MT @ 56% Fe is good, not outstanding, but not insignificant either.

 

[Bushman]

Still holding some options for these guys. Probably should have sold the lot, but as you say, appears undervalued compared to other co's still hanging on for better times. I've got until December 2010 for the world economy to pick up somewhat, so there is a fair bit of time to go

Ex-Jubilee execs are a positive, and more likely to secure some sort of deal if they decide to mine.

It has impressed me that they have said what they have planned in the last 6 months or so, and have gone ahead and done it, without excess costs, major delays in drilling, or the other issues surrounding many other hopefuls.

78.3MT @ 56% Fe is good, not outstanding, but not insignificant either.

Two ex-Jubilee execs have joined the team - Peter Langwarthy and Brian Dawes. All star Harmanis cast being assembled.

 

[Bushman]

Has prospective ground next to Spitfire Resources much hyped De Grussa prospect. See announcement today re Springfield anomaly. Goes allong with iron ore, managanese exploration.

Some serious accumulation over the last 3 months or so.

 

[adobee]

TLM on a breakout... getting alot of hype amongst traders and investors.. appears pretty tightly held so has the ability to run hard... very tempting as potential to break out but the new heights are a bit scary for me.. will take up 5k and see what happens ..

 

[Da Cat]

Good finish today. Funny stock imo. seems to trade off 'nearologies' and 'associations'. firstly the pilbara tenaments near the big iron ore miners, then the recruitment of most of the former jubilee brass, not to mention K Harmanis as significant shareholder, and now the close 'nearology' to the de grussa deposit (SFR).
latest development looks promising though. some decent hits very close to TLM tenaments. geological trend certainly encouraging.

 

[craigj]

recommmended by gampiero in the Age today so that will have influenced buying today

it is likely to rise higher tommorow after people disect the paper tonight

 

[adobee]

I think TLM has started there drilling this week.. interesting to see what comes up as this is pretty tightly held and news leaks often with it.. sulphide etc in the drilling will be known before announced so watch out for some jumps in price..

 

[phyro]

ive been following this stock pretty closely for a couple of months now and it seems that this stock reacts about a week out from the announcement date. Looks like news gets leaked pretty often. And whats with the drop in share price. I think its just me that thinks this announcement is good news

 

[adobee]

I am trying to get my head round this announcement quickly now to see if its with picking some up now ..

 

[adobee]

TLM getting some new interest this morning after sitting around 90c for weeks we have shot up to 1.10.. one would expect something is happening here for 10% increase this morning ..

 

[springhill]

MC - $37m
SP - 28.5c
Shares - 131m
Options - Nil listed
Cash - $28m (+35.5m shares in Rico Res @ 15c)

Talisman offers a fantastic MC:Cash(+investments) ratio of nearly 1:1.

Management
Gary Lethridge – Managing Director
Graeme Cameron – Technical Director
Dan Madden – Chief Financial Officer
Peter Cash – Manager Corporate Development

Springfield
-Drilling confirms validity of Talisman’s 3D litho-structural geological model
-Multiple anomalous copper & gold intersections returned from recent drilling
-Initial 73-hole/11,000m targeted RC/Diamond drilling program expanded to 100 holes/15,000m:
Systematically testing along favourable VMS horizons at Monty, Homer and Central Corridor
-Multiple new prospective volcanic horizons identified at Abraham:
Large copper-gold soil anomaly identified Reconnaissance RC drilling to commence soon
-Focused exploration activities to be maintained throughout 2012

Halloween Project
-First pass exploration activities deliver immediate success
-Maiden RC & Diamond drill programs confirm a VMS Copper-Gold mineralising environment at Halloween:
Feb 2012 – Reconnaissance RC drilling intersected significant Au mineralisation along 3 out of 4 traverses across interpreted VMS horizon
May 2012 – Deeper diamond drilling along best gold traverse and an isolated FLEM conductor intersects significant Au, Cu & Ag mineralisation
-Pathfinder elements in copper mineralised intervals consistent with geochemical signature of Sandfire Resources’ DeGrussa deposit located 11.5km away
-Follow-up infill RC drilling now underway to better define the extent of the mineralised trend for follow up deeper diamond drilling later in 2012
Results
-Maiden RC drilling program returned highly promising gold intercepts including:
HRC002 - 10m @ 3.56g/t Au from 84m
HRC006 - 6m @ 1.52g/t Au from 18m
HRC001 - 28m @ 0.53g/t Au from 70m
-Follow up diamond drilling program returned high-grade gold, copper and silver results in two out of three holes:
HWD004 – 4m @ 5.34 g/t Au and 3.12g/t Ag
HWD004 – 1m @ 2.04 g/t Au
HWD002 – 0.15m @ 2.62% Cu, 5.52g/t Ag and 0.28 g/t Au

Halloween West JV VMS Project
-Farm-in JV Agreement to earn 60% interest signed in May 2012
-Located adjacent to Halloween
Hosts continuation of interpreted Halloween VMS horizon
-Immediate exploration activities focused on target generation:
Soil sampling completed – copper and gold anomalies identified
Geological mapping commenced
FLEM commenced
Drilling to commence later in 2012

 

[piggybank]

Sandfire to Commence Diamond Drilling at Springfield to Test EM Conductor

The report can be read here:- http://www.stocknessmonster.com/news-item?S=TLM&E=ASX&N=681408

Gone up over 100% whilst I've been away...

 

[samso]

Wow, it has been a long time since someone posted Springfield has already been sold

 

[Miner]

Wow, it has been a long time since someone posted Springfield has already been sold

Visited TLM site since it was last visited by @samso back in Sept 2019. Ironically that post carried only a link of Samso's blog/website. Well done my friend!
Firstly, disclaimer - I am a holder.
The stock is having a PE of 0.34
https://www.asx.com.au/asx/share-price-research/company/TLM
It is not a misprint as the company dished out $29 M back in February this year to its existing shareholder.
https://www.asx.com.au/asxpdf/20190222/pdf/442vxcx98rgp39.pdf
That was a significant amount of 15.6 cents per share. But the share price took reduction initially same amount of the capital return and now further low. Current price last quoted was 8.4 cents.
Recent quarterly report was impressive and the percentage of copper and nickel are outstanding.
Million dollar question is why the share price is unloved? I do not know but can guess. Capital investment to get the metal from the rock could be more expensive and the company could be therefore waiting for someone to buy out? Who knows.
My wish is prior to AGM scheduled on 7 May the company could release some hot stuff to get excited? Another 4 weeks, I would patiently wait.
https://www.asx.com.au/asxpdf/20190405/pdf/444307b1k20s6q.pdf
Anyone can provide better info, please.