One of our favourites Talisman Mining (ASX: TLM) is up 76% today following the purchase of the Sinclair nickel project in WA for $8M

One of our favourites Talisman Mining (ASX: TLM) is up 76% today following the purchase of the Sinclair nickel project in WA for $8M. Talisman itself describes the Sinclair deal as being as close to the perfect acquisition as it could have hoped for. It's hard to argue, as the project has a known deposit extension, huge untapped regional exploration potential, along with established mine infrastructure with two emerging exploration discoveries immediately adjacent to the current mine. Sinclair was discovered during October 2005 by Jubilee Mines and several key members of Talisman's existing team were closely involved in the project's evaluation before Jubilee was acquired by Xstrata during 2008 - hence they have intimate knowledge of the project.