Just jumped onto triton website and read through the GMP report done on the 22nd October 2014
worth checking out, IMO.
lots of info and comparisons.
From page 16
If Triton was valued for attributable tonnes in the ground at the same valuation as Syrah, it would have an Enterprise Value of A$798m and a market cap of A$801m. This represents an implied value per share of A$2.57. This is a premium of almost 535% to the current share price and 230% above our target price.
We are not suggesting that Triton should be valued at the same premium per tonne as Syrah, as Syrah is further advanced at its Balama project than Triton is at Balama North. But, like Balama, Nicanda Hill is an enormous predictable, high-grade open-pittable resource and we suggest that the market is discounting Triton by significantly more than it should.
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