Where's the flake?, page-26

Comparing TON with SYR has some value but we need to consider the difference in development. SYR have been drilling 9 months ahead of TON. To compare the size of the flakes, the depth of graphite, % of graphite or resource size between the two is premature.

Either one could end up better than the other. Both could have profitable mines.

But even at this stage, one needs to consider the advantage of the two being located beside each other.
The obvious is a possible joint take over.

The other advantages are the possible sharing of the infrastructure and mine costs. One processing plant built between the two perhaps? A big saving for both. Or one builds a processing plant and the other transports their ore to be processed in the others plant.

So as TON's resource grows in quality and quantity, the share price of both SYR and TON will benefit each other.