Exactly one month ago, the article below was published in Smart Investor on 7 July 2014, the day TON released the announcement “Multiple High-Grade Graphite Zones Confirmed at Nicanda Hill”.
Since then the following announcements were made:
17 July $8.5 Million Placement to Accelerate Balama North (including the proposed 100% acquisition of Grafex).
28 July Multiple Graphite Zones Expanded at Nicanda Hill
31 July Graphite Outcropping Located at Balama South
4 August Outstanding Graphite and Vanadium Results from Nicanda Hill
Freehold made the salient point:
“TON has an vast confirmed asset in the ground getting bigger with each set of Drill results... Despite all the SP gyrations and fluff posted in the short term on TON the Graphite (and now Vanadium) asset has not gone anywhere ..still exists and is getting bigger... One of the keys to success in the the stock market is knowing it will always overshoot and undershoot its true value because of the emotions (Greed/Fear) of the players involved... Eventually finding its equilibrium point ... So we over shot at 90.5 its clear ... and we will over do the selloff/undershoot now ..”
http://hotcopper.com.au/threads/how.2331385/page-24?post_id=13767155#.U-QCIjflqWg
Quote from the article below: “Lying only a few kilometres to the north of Syrah Resources’ world-class graphite-vanadium Balama project and on the same geological trend,
Triton represents an outstanding prospect”.
Points to note:
TON’s massive Resource is still there and getting bigger.
TON’s development is important. Graphite and vanadium have a real future.
Daytraders will come and go.
Snakey short sellers will come and go back into hybernation.
More investors are likely to jump aboard.
True value will emerge.
Please DYOR.
The article is a subscription service and Fairfax publication
. The link to the article is as follows:
http://www.afrsmartinvestor.com.au/p/shares/triton_set_for_more_gains_DAlOK5OCzG2C7DARmP540O
Triton set for more gains
By Trevor Hoey
Published 07 July 2014 09:21
Confidence in emerging graphite player Triton stock is likely to soar, as is its share price, after the release of impressive drilling results.
The rise to prominence of emerging graphite play Triton Minerals and its equally meteoric share price transformation is likely to gain further momentum when the company’s shares open on Monday.
More investors are likely to jump aboard the group after the release of impressive drilling results at Triton’s Nicanda Hill project in Mozambique.
These developments are important from a number of perspectives. Firstly, the company continues to intersect high-grade zones at Nicanda, with six intersections ranging between 9.1 per cent and 12.2 per cent graphite carbon.
While these are slightly shy of returns announced in June, they are still at the top end of peer comparisons and definitely commercially viable.
Triton managing director Brad Boyle said the identification of even more high-grade zones to the west of the original zone was very encouraging, particularly given average grades of 11 per cent had been verified.
The drilling also expanded the horizontal width of the graphite mineralisation zone to 1,000 metres. This is arguably the most important aspect of these drilling results, as it increasingly demonstrates the Balama North tenements have the scale to be transformed into a world-class graphite project.
Lying only a few kilometres to the north of Syrah Resources’ world-class graphite-vanadium Balama project and on the same geological trend, Triton represents an outstanding prospect.
It is worth noting Syrah’s resource of 1.15 billion tonnes at 10.2 per cent graphitic carbon is a larger resource than the rest of the world’s combined reserves.
Of significance is the fact there are high-grade areas measuring more than 15 per cent graphitic carbon within Syrah’s resource, but the average grade is 10.2 per cent, broadly in line with average returns delivered to date by Triton.
With the latest drilling results continuing to support Triton’s belief that the graphite mineralisation continues down to the north-west to considerably greater depths than already intersected, confidence in the stock is likely to soar, as is its share price.
Survey data indicates Balama North is a graphite rich zone and due to the mineral’s high electrical conductivity properties, VTEM (Versatile Time Domain Electromagnetic Survey) data is proving extremely accurate. If this continues to be the case expect further promising drilling results.
Where Triton’s share price will finish is hard to determine, particularly given it has increased nearly five-fold in less than two months – and more than doubled in a day – when, on June 4 the company released the first round of outstanding graphite intercepts at Nicanda Hill.
