our neighbour, page-4

Note the Market Caps BEFORE even drilling let alone results issued.
Note also the Number of Shares on Issue [approx 100/130mil]

The Speed 20cents $32m MC 25 Jan to $2.80 $350m MC by 31st May.

SYR was substantially held by StockBrokers MacQuarie I think.
SYR didn't have an overhang history [TON issued at 20cents just 3 years before graphite and downtrended from 20 to about 2]
On TON's announcement of moving from gold to graphite nearology play.The then Sub Holder Poseidon[POS] about 12% sold out into the rally.

TON then announced that tenements were only applied for.Drilling could not commence,they couldn't even rock chip sample or do trenches.So the beginning of the Project initial drilling took up to a year to start.

for pacf are you getting any ideas as to why TON is not comparable to SYR's Market Cap growth?

One should compare Market Cap Percentage Change from each event eg 3.65 32/117 for drill commence and perhaps discount that rise due to timing delays in TON.
You should consider IF real hot shot 'wolves' major holders
in a limited issue SYR were well placed to 'develop' The Market Darling Top Gainer of 2012 more than say TON.
Bots were all over SYR still are and the SYR thread is very controlled [hey kl?]

I'm saying there's a lot of background to research re SYR's success v TON. 2012 was the HOT Year in Graphite with TON entering June 2012 but not even able to get a rock chip sample til well into 2013. Dissipated the excitement of the times.

I still ponder where the Big Money buying volume will come from at a 20cent+ level to keep it there consolidated but won't get any thumbs up that way,hey?