TON 0.00% 0.9¢ triton minerals ltd

Leave it be, page-5

  1. 17,239 Posts.
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    Its a decent point you make.

    So let's use fundamentals here to understand where its at.

    A few drill holes yes, no JORC, an assumed possible resource size so far 3/4 the size of olympic dam which they will need to dug out at up 400m vertical depth or 12 billion tonnes of dirt to get to the higher grade veins which appears to be at depth , low cash balance circa $8m, just 6% of market cap is cash, market cap of $120m, so valuation of around $110m on the resource so far, no income for possibly 3 years assuming all goes well, capital raising will be required at some point, no current infrastructure (will need $150 m possibly more to start production) , no BFS, no feasibility, no approvals, no high grades of note other than veins the size of my left cruciate, no flake sizes provided, no offtake agreements, no MOU, etc etc.

    However, not all bad, on a positive note, I'm intending to set up a shovel and spade tooling and sharpening service somewhere around the front gates, includes free wheelbarrow for the week with every product hired , bound to be a booming trade I'd say.

    Ok ok, just winding you up, its all good, market will work out the true value in the end, good or bad, so PPPPP is right.

    Warnie.
 
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