Talon Metals reports First Quarter 2016 Results

Talon Metals (TSX:TLO) has announced its first quarter 2016 results for the three months ended March 31, 2016 of $1.8 million, or $0.01 per share.
As quoted in the press release:

… which was primarily the result of the gain on revaluation to fair value of the Resource Capital Fund VI L.P. unsecured convertible loan, offset by an investment loss on Tlou Energy and administration expenses. This compares to a net loss of $0.6 million or $0.01 per share (basic and diluted) for the three months ended March 31, 2015, which was primarily the result of an investment loss on Tlou Energy and administration expenses.
Capitalized exploration costs and deferred expenditures on the Tamarack Nickel-CopperPGE Project for the three months ended March 31, 2016 amounted to $21.2 million. This compares to $6.2 million for the three months ended March 31, 2015. The total capitalized exploration cost on the Tamarack Nickel-Copper-PGE Project to March 31, 2016 amounts to $36.4 million.

Click here for the full press release.