I think BB would be contacting Credit Suisse and requesting a retractment regarding the publication of their analysis on strip ratios for Nicanda Hill.
Their note to clients was headed "Sorting fact from fantasy"
Credit Suisse quoted "Simple geometry suggests that to recover 26mt would require 580mt of waste movement, a strip ratio of 22:1"
Now from todays announcement "Triton believes that, based on a conceptual open pit design (Figure 3), the strip ratios could vary from as little as 0.33:1 or potentially to a worst-case scenario,
in this example, a strip ratio of up to 0.52:1 (i.e., confirming that there is significantly more graphite resource than mineralised graphite waste)."
TON's strip ratio is tiny and Credit Suisse should be taken to task on this fear mongering
TON Price at posting:
32.5¢ Sentiment: Buy Disclosure: Held
