POS 16.7% 0.5¢ poseidon nickel limited

triton gold

  1. 268 Posts.
    Gold looks like it is going to the moon and the POS management now look pretty good doing a gold play before the big lift in price. Is anyone watching Poseidon's son Triton Gold TON ?

    IMO it looks pretty cheap. The Windarra tailings is showing around 131,000 oz of gold which could be easiy processed given that it is close to surface and just sitting there in a tailing's dam. That is around about $160 million bucks worth of gold.

    Then note that TON has the second largest land holding in the south west Albany Frazier region (only behind Anglo gold) and targeting Tropicano style deposits with already favourable results.

    Then note the X Placer Gold teams track record of 15 million oz of discoveries under the belt.

    Not to forget the elephant country ground they hold in Alaska with very high grade intersections.

    Good cash position of $6.5 million in the tin and plenty more, like the Sunday Project, big hits announced a couple of weeks ago.


    If this is not a compelling investment in the gold sector I don't know what is.
 
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