Aug. 29 at 8:31 PM
$TLOFF I try to keep my more detailed analysis to the Talon Discord server but I thought I'd share this one here.
Hear me out. One of Talon's greatest long-term risk factors is that Humboldt Mill, now a ~
$400M asset, could become a "stranded" dead weight after 2030/2031 and potentially trigger significant decommissioning costs once Eagle stops producing. The hope of course is for a new Talon mine or mines (Boulderdash, Roland, etc.) to provide feedstock to Humboldt at that point, and I believe that will happen, but it's not a certainty. Talon is also exploring the possibility of sending ore to Humboldt from Tamarack.
Enter Highland Copper, with its fully-permitted Copperwood project ~110 miles to the West slated to potentially begin production in 2030. Highland's main obstacle right now is funding - they have a US
$50M grant from Michigan and a
$250M letter of interest from EXIM but the project is budgeted at ≥
$400M. [cont]