Something big going on, page-47

It's been a while since we've had some real banter on this site and I like it.

So yes SYR SP is soooo much higher than TON. Let's face the home truth is they should be. I held SYR till a couple of years back and sold them for $3.80 so really not much has changed yet.

A couple of things. Firstly yes we do have the largest Graphite and vanadium deposit. Much the same grade as SYR's and about the same distance away from Port. Yes it has been drilled and the DFS was 1/2 completed before they went into their VA. BUT they are not looking to mine it for a few years yet.

Ancuabe is very close to port but nowhere as large as Nicanda Hill. It may not be as higher %but much larger flakes which gets a much higher return for their buck.

As far as funding well the mine is expected to cost up to $85 million not $300 million. We have a MOU at the moment for up to 1/2 of the Graphite mined plus funding which will take 2 years to pay back. There is another MOU signed and in discussions with other companies.

The DFS is expected to be out end of this year and the MOU's should be signed off as well.

All going well should be mining in the second half of 2019.

There is no way TON SP should be compared to SYR at this stage. I do get what people are saying here though. If you want return for your money TON is likely to go up many multiples compared to SYR.

SYR have a nack for their SP to spike before they do a credit raising whereas the old TON always waited till their SP tanked before raising money. That's the reason there are so many shares out there. It's almost criminal.

Waiting another 3 months for the DFS and MOU's to be signed off and TON should be up up and away.
Cheers