Thank you
@guruone Really happy that you enjoyed it.
If there's any new or potential investors looking at the Triton forum that us older forum participants can help that's great.
Before we leave the topic of Tritons future viability there are a few more points I'd like to touch on.
A mining company is only as strong as the quality of it's offtakes. Our management have actually secured both of Tritons binding offtakes at floating market value which is certainly in favour of Triton more than our customers and the terms are extremely favourable putting the companies financial security in a strong position in the forward years.
In addition to having 50% binding offtakes at floating market value and a DFS that has stood up to an extremely rigorous due diligence process by both 'China Merchant Bank ' & 'Jinan Hi-tech'. In addition to favourable market data & a reliance by China to currently import the majority of their domestic large flake demand.
Tritons Ancuabe mine has an unusual amount of favourable conditions that further lend to it's short and long term financial viability/security.
Tritons Ancuabe mine is virtually right next to the Pemba port, the port is very well equipped to meet all exportation needs and will facilitate a large number of projects in the region.
Tritons Ancuabe mine is completely serviced by sealed roads.
Tritons large flake graphite is on the surface and easily accessible.
Tritons large flake graphite has very few impurities, this is not to be underestimated and will greatly lower the cost of any processing.
Tritons Ancuabe mine is in fine company. There are $50 billion dollars in other mining projects in development in our region, one being Anadarko. The massive advantage this has given Triton is mains power that few mines in Africa enjoy. I'm not exactly sure but I believe mains power to Ancuabe was scheduled for 2022? This will dramatically lower operational costs. The mine will still have solar panels and diesel generators as part of the capex but will not need to rely on them into the future. Mains power is significantly cheaper than diesel power.
All these factors are huge considerations when looking at the whole picture. The original DFS which was considered extremely strong on completion has moved from strength to strength on the back of developments like mains power and a saving of 15-20% on the original forecast capex by our EPC contractor MCC who will hopefully mobilise later this month to start construction.
We don't know the exact production costs but when you consider those factors, the fact that our major shareholders and management have put the mine design under the greatest of scrutiny that I'm told will not only save on production costs but vastly reduce the risk of execution on commission Triton on paper are in a dominant position.
I've continually increased my holdings over a 4 or 5 year period, with every objective from completing the DFS to offtakes to securing all permits my confidence in the company to secure financing and become profitable in the near term has grown.
My 10 or so seperate purchases has been at pace with Tritons ability to meet targets and de-risk.
It's been a long journey but I think a worthwhile journey that is ready to respond the rewards of patience.
Looking forward to the coming days of trade and watching the boat leave the harbour touch wood shortly with a favourable finance package.
