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Replies to post #226 on Talon metals (TLOFF)
TradingCharts
04/20/23 6:20 PM
#230 RE: powerbattles #226
They said, with continued exploration success, they are confident their current resource estimate for the project could be met, and ultimately exceeded, without diluting grade. “However, uncertainty remains in terms of project operating and economic metrics, with the reconfigured project, mining in Minnesota and processing in North Dakota, to be clarified during the Feasibility Study (FS) later in 2023,” the analysts pointed out. “Should drilling define another high-grade resource with the Raptor Zone, however, we believe the FS could be pushed into 2024 as a revised and enhanced mine plan is developed.” As such, Stifel's analysts reiterated their ‘Buy’ rating for the stock and C$0.80 price target. Talon’s shares were trading up 3% at C$0.34 on Thursday morning.