Talisman Mining (ASX: TLM) has reassembled one of the industry's best management teams as it graduates from explorer to producer

Talisman Mining (ASX: TLM) has reassembled one of the industry's best management teams as it graduates from explorer to producer. The company is one of our preferred junior resource plays and it has recently completed the acquisition from Xstrata Nickel of the Sinclair nickel project in Western Australia for $10m. It's a transformational deal that marks the beginning of an exciting new chapter for the company. Several key members of Talisman's team were closely involved in the project's discovery and evaluation, prior to Jubilee Mines' takeover by Xstrata during 2008 - hence they have an intimate knowledge of the project. We believe a re-rating is likely based on ongoing appraisal work, release of an initial JORC resource enhancements and steady project de-risking.