Be bold, be extreme, crack the market

What I would consider is as follows, yes it is extreme, crazy, but impossible (no) but in these situations, one must be extreme to be at the top of the market and flush out the minority.

Here's the plan of action.....

1. Forget offtake agreements altogether at this stage. When 3 years out they simply cannot be taken seriously, forget them, build the plant and they will come should be the motto.

If there is a market large enough to take 200,000T p.,a from Triton, then great, build the plant, offtakes will come eventually if there is a market, no need to worry about them unless you need to do debt/equity funding.

You dont!

So long as the market agrees with the potential then....

2. Raise $300m from the market today, yes today. I would raise it with 1.5Bln shares at .20c each with say 10 for 1 free attaching options at conversion in say 2017.

Suddenly you have instos on the register with proposed dividends end of first year production, all profit with no costs for first 2 years.

3. Now you have 1.8bln shares, do a 10:1 consolidation, leaving around 180m shares, tighten the registry up completely, don't sell out to a JV partner or some debt equity fund who will swallow you up at some point and constrict your finances so hard you get strangled into oblivion.

4. $300m cash (all construction covered plus first 24 months production costs) including all costs/admin up until say start of 2019.

How is this so?

$110m - plant construction (drawn down from company trust only as required)
$140m - cash production costs for first 2 years 2017-2018 and 2018 - 2019 at 200,000Tp.a
$50m - admin costs, marketing, legals, etc from now until end 2018

**market cap say $300m cash plus $100m (about same as now) for resource

= $400m

@ 180m shares

= $2.20 share (roughly)

So say in 2017/18 they produce 200,000T and sold even 100,000T at $950T

= $95m gross income (actually pure profit less tax)

At say $95m gross profit PE 15 (lowball)  = $1.4bln market cap

= SP around $7.50  in 2017 = 350+% return over next 3 years

You then have all costs covered, a plan, get mining licence, construction, build and the offtakes will come without giving up your share to debt equity funders.

If management believe in the story, sell the story and get the funding from the market, long term gain from short term pain.

Would provide huge credibility to TON and offtakes would be plentiful if market sees a company with cash to construct, cover all costs for 2 years from production start

Also would mean TON move faster to the end goal and knock out many players in the process.

Ok, so when do I start my role as marketing manager??

lol.