Thanks! I much appreciate the feed back, my first attempt at Substack, happy my efforts were well received. I couldn't agree more, Tamarack has all the hallmarks of a strategic asset.
Great Job! I'm heavily invested in this one. Numerous trips out there this year. Just insane grades! If they can further define this area it is quite possible they could pull enough ore at that grade to make $6 to $10 billion in a year! Let that sink in verses present market cap.
Rio Tinto's 40% stake in this JV looks increasingly strategic given the geopolitical shift toward domestic supply chains. The optionality for Talon to increase to 60% is interesting, but I wonder if Rio might actualy want to increase their position if the Lower Raptor Zone proves out. With their track record at Oyu Tolgoi, they know how to develop world class deposits.
I think Talon is golden, as per the Oct 20 news release: "Rio Tinto Group Company, has granted Talon a 12-month extension to deliver KEX a feasibility study and US$10 million to earn an additional 9% in the Tamarack Nickel Copper Project (for a total ownership of 60%)."
This read feels like part geology masterclass, part frontier manifesto. Talon’s Vault Zone discovery sounds almost mythical in scope, right? Yet, it’s the geopolitical backdrop that makes it even more compelling. With the U.S. racing to secure domestic supply chains, Tamarack looks less like a junior miner and more like a strategic asset. You can say it's national security. If the deeper zones confirm what’s hinted here, this could be one of those rare finds that rewrite both maps and valuations. Nice one.
Likely a small correction: You write: Subsequent borehole electromagnetic (BHEM) geophysical surveys identified a very strong EM anomaly registering 1300 siemens of conductivity sitting nearly directly underneath the Vault Zone discovery at depth.
Talon indicates that the MT anomaly sits directly beneath the "Talon resource area", which I believe does not yet include the Vault zone, which is in the 138 zone.
The other interesting comparison to Voisey's Bay would be resource size at the time of sale. I started thinking about this when they had the second intercept of MS. Of course 43-101 wasn't around back then so it would be hard to compare if one had the prospectus in hand.
I think it is quite possible when the FS comes out that resources could be getting quite close to equal and exploration upside equal as well. Most of VB's resources were defined AFTER the sale.
Friedland and company fetched an inflation adjusted $7Billion for VB and at much lower commodity prices. Let that sink in for a bit.
Thanks! I much appreciate the feed back, my first attempt at Substack, happy my efforts were well received. I couldn't agree more, Tamarack has all the hallmarks of a strategic asset.
Great Job! I'm heavily invested in this one. Numerous trips out there this year. Just insane grades! If they can further define this area it is quite possible they could pull enough ore at that grade to make $6 to $10 billion in a year! Let that sink in verses present market cap.
Rio Tinto's 40% stake in this JV looks increasingly strategic given the geopolitical shift toward domestic supply chains. The optionality for Talon to increase to 60% is interesting, but I wonder if Rio might actualy want to increase their position if the Lower Raptor Zone proves out. With their track record at Oyu Tolgoi, they know how to develop world class deposits.
I think Talon is golden, as per the Oct 20 news release: "Rio Tinto Group Company, has granted Talon a 12-month extension to deliver KEX a feasibility study and US$10 million to earn an additional 9% in the Tamarack Nickel Copper Project (for a total ownership of 60%)."
This read feels like part geology masterclass, part frontier manifesto. Talon’s Vault Zone discovery sounds almost mythical in scope, right? Yet, it’s the geopolitical backdrop that makes it even more compelling. With the U.S. racing to secure domestic supply chains, Tamarack looks less like a junior miner and more like a strategic asset. You can say it's national security. If the deeper zones confirm what’s hinted here, this could be one of those rare finds that rewrite both maps and valuations. Nice one.
Thank you for this wonderful write up.
Likely a small correction: You write: Subsequent borehole electromagnetic (BHEM) geophysical surveys identified a very strong EM anomaly registering 1300 siemens of conductivity sitting nearly directly underneath the Vault Zone discovery at depth.
Talon indicates that the MT anomaly sits directly beneath the "Talon resource area", which I believe does not yet include the Vault zone, which is in the 138 zone.
The other interesting comparison to Voisey's Bay would be resource size at the time of sale. I started thinking about this when they had the second intercept of MS. Of course 43-101 wasn't around back then so it would be hard to compare if one had the prospectus in hand.
I think it is quite possible when the FS comes out that resources could be getting quite close to equal and exploration upside equal as well. Most of VB's resources were defined AFTER the sale.
Friedland and company fetched an inflation adjusted $7Billion for VB and at much lower commodity prices. Let that sink in for a bit.
Is the 60 cubic meter example
In article just an example
Or roughly the size of pools put together?
Yes, it's an example.