TON

18.2%

0.9¢ triton minerals ltd

lol Nicanda Hill is clearly averaging over 10% and sits 150-200m...

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06/08/14

11:04

Post #: 13776698
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Originally posted by Warnie ↑

SYR 1.15Bt of graphite at 10.2% TGC
TON 103Mt at 5.52% TGC (lower grade compared to SYR)

TON better grades are at a greater depth to SYR thus far, ie: higher costs to mine and something to consider.

Although comparisons are made, currently its a bit like comparing Mcdonalds with my local burger shop, this is however not to say TON can't improve resource, and they are somewhat further behind than SYR in their program, so would assume more results to come that may improve the overall.

Based on the above, with SYR at $4.95, one could use a guide that TON share price should be circa 10% of SYR, more or less, at this point.

So 49c, although caveat being lower grade, higher cost and further behind in progress.

As I said in previous post on another thread when SYR was $5.10, I think potentially SYR will fill a gap left at $4.40 by end of August, putting TON at 44c based on the 10% rule.

However and lastly, TON prob have more news to provide than SYR in the short term, so the 10% split valuation i'm using may increase in percentage, or decrease depending on TON results, which need to improve in grade and size.

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lol Nicanda Hill is clearly averaging over 10% and sits 150-200m above ground level. As previously reported they can go 100m more so below ground level and remain open pit. (a poster asked earlier why are they drilling so deep, thats why). Besides the high grade starts at surface. Theres plenty of it and easily accessible being above ground level.

TON Price at posting: 38.2¢ Sentiment: Buy Disclosure: Held
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Last 0.9¢		Change -0.002(18.2%)		Mkt cap ! $14.11M

Open	High	Low	Value	Volume
1.0¢	1.0¢	0.9¢	$259	26.13K

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No.	Vol.	Price($)
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lol Nicanda Hill is clearly averaging over 10% and sits 150-200m...

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lol Nicanda Hill is clearly averaging over 10% and sits 150-200m...

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