15 dec 2017, TON released its DFS, peaking around 12c.
That was 20 months ago..... And we jumped over a few hoops since then, including the 100% acquisition, the mining licence, and not to forget the WGX fiasco that knocked the stuffing out of momentum. All bull sheet that took too long to rectify.
So what is 18 months of build time ? not so long in the history of triton.
but enough for plenty of JV value add to emerge.
What after finance and we start to build ? surely the sun does shine on the next ASX large flake who has battled the odds, and came out the other side as the real deal.
Theres always an ugly duckling period before the market discovers a stock, and what a Value Add JV JHT or fully financed, either can be healthy trigger points. Its a question of rationalization, what is de-risked, or metric that cant be ignored any further.
We simply wait the next 3 weeks, for some keys in the first door to start rattling. And what then toward the end of year for it takes for the rest of the finance package to be delivered.
TON Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held
