TAG, Greetings!
Climber here; TALONITE has a high Chromium content within a Cobalt matrix; Chromium carbides (i call 'em Chromides, but i think others would laugh if U use that term...) are VERY HARD, sometimes in the region of 91 Rockwell; but that's deceiving, because ANY blade with Chromium has that. The Cobalt matrix in which the other elements reside, including the Chromium, is around Rockwell 46-47. SO... Talonite is good for all-around cutting, will cut even when "dull" feeling, b'cuz of the Chromium, BUT will not be as hard nor tough as some other knife materials because of the relatively softer Cobalt; it will, however, sharpen quite nicely, NEVER rust, so they say,(having not been around it forever, i wouldn't know with certainty...) & holds a decent edge in the meantime.
For more than this simple explanation, a guy named Poff has assembled a page on Talonite with more Bladeforum links (& others) than you could shake a Talon-stick at...! the address is:
http://www.geocities.com/mdpoff/talonite.html
& i just checked it: it's still up, just like me at this late hour! Gotta go; happy hunting: it'll take months to work through all those links: at least it did me when i researched it...
Knife-bro Clif
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Clif

"Percival... I never knew how empty was my soul until it was filled."
Arthur the King upon sipping from the Grail.