thats the fact freehold syr's market cap is 5 times ton's. two years ago syr had a market cap of $500 million and they hadnt mined any graphite at that stage. wheres was the bubble then. the market will value the deposit and also value whether or not that deposit will ever make production. look at ggg's deposit in greenland. massive rare earths uranium deposit that will never get mined imo due to weather and infrastructure issues. syr will make production that is 100% certain as mozambique has the roads and ports for the export of graphite. that is the biggest tick for me with syr. syr going into production is the best thing that can ever happen to ton. ton is 3km's from syr so whats good for syr is even better for ton and thats why the market will have to compare syr's market cap with ton's once production starts. there are plenty of graphite deposits in the world but how many of them are in locations with no roads or ports. most likely most of them. i agree the graphite sector is over the top but its the garbage stocks in this sector that are overheated. i wont name them but all i will say is that syr and ton have easily the best chance of being world class graphite exporters of high quality flake.
frosty
TON Price at posting:
65.0¢ Sentiment: Buy Disclosure: Held
