At 10.5 cents, TON's Market Capitals is around $40 millions, low cash but no debt, current CR at 15 cents to raise $11 millions ($4 million underwritten).
With huge graphite resources (might be larger than that of SYR which has MC of $700 millions), TON is in transition from exploration to development phase. Comparing with other ASX graphite stocks moving to development phase such as TLG KNL MNS etc, is TON a good buy ? It is an excellent buy IMO.
DYOR
At 10.5 cents, TON's Market Capitals is around $40 millions, low...
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