COmpare TONs modest Capex ,intention to largely debt financed flagged , to the multi hundred million dollars Capex that the lithium developers are facing .
All IMO - The key to any hand full of winners in the asx - is to have a Capex and finance that protects your value today . Earnings per share - not diluted significantly through the development cycle,
TON will be part of the future renewable producers list while many lithium or cobalt stories are still dreaming .
It's all about getting project finance.
A significant event . That changes dreamer to developer.
In parallel - nicanda hill JV development options - could provide two project development pathways .
All bodes well for potential newsflow to derisk further, steady as she goes .
But you never know - a market might see the dominos ahead of us - and bet ahead . Plenty of speculation and money flow has seen spectacular rises of some lithium stories - such as ASN or LKE that are yet to even drill .
If graphite 2.0 begins with a market leader / winner . - how high can an actual developer soar ?
Two leading projects - staggering combined NPV.
TON Price at posting:
8.1¢ Sentiment: Buy Disclosure: Held
