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TON - Triton Minerals

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Re: TON - Triton Gold

One of my newer little punts into the exploration gold sector are Triton Gold. Early days have shown a choppy stock price on the significant gold intersection at Leonora.
 
Re: TON - Triton Gold

Triton Gold are seemingly positioning for a breakout at 25c today on the back of the presentation and the drilling in the Leonora Region.
 
Re: TON - Triton Gold

Hi Noirua ..... you seem to own this thread to date with no comment from anyone else. So thought i would throw my two bob in.

Thanks to you i came across TON and did a bit of research a few weeks ago. I like their range of projects as they all seem to have a lot of potential. I have bought some heads and also some oppies. I bought the heads a little high when it looked like TON was going to make the break over 25c. I still feel comfortable at present though. Some good news and i get the feeling it could run up fairly quickly which it being a fairly tightly held stock (approx 48M tradeable shares on offer).

A few points from their recent presentation:
* TON commenced trading on ASX on 14 Aug 2009
* Cash reserves in the bank of $6.2M at 31 Aug
* One of the largest prospective gold positions in the Albany-Fraser province of Western Australia
* Potential for early gold production, low cost risk to decision (Commencing Scoping study to assess Windarra Tailings and potential for early positive cashflow)
* Albany-Fraser projects (located within the same mineral belt as the >5Moz Tropicana deposit) is an immediate focus for exploration
* Early days for Salmon Gums project but looks VERY exciting compared against the Anglogold-Ashanti Australia's Tropicana deposit in terms of soil sampling Au values (Salmon Gums peak values of 236ppb at Lady Penrhyn, 179.6ppb at Sirius, 66.2ppb at Charlotte, 35ppb at Fishburn & 31ppb at Alexander Peak vs. Tropicana peak value of 31ppb Au)
* Fraser Range, Sunday project also exciting projects
* Strong mid term project of Tushtena, Alaska with high-grade rock chips and high-grade diamond drilling intersections in early drilling (results appear to support world-class mineral system potential)

Good luck to all holders ...... :D

noirua said:
Triton Gold are seemingly positioning for a breakout at 25c today on the back of the presentation and the drilling in the Leonora Region.
Click to expand...
 
Re: TON - Triton Gold

AussiePaul72 said:
Hi Noirua ..... you seem to own this thread to date with no comment from anyone else. So thought i would throw my two bob in.

Thanks to you i came across TON and did a bit of research a few weeks ago. I like their range of projects as they all seem to have a lot of potential. I have bought some heads and also some oppies. I bought the heads a little high when it looked like TON was going to make the break over 25c. I still feel comfortable at present though. Some good news and i get the feeling it could run up fairly quickly which it being a fairly tightly held stock (approx 48M tradeable shares on offer).

A few points from their recent presentation:
* TON commenced trading on ASX on 14 Aug 2009
* Cash reserves in the bank of $6.2M at 31 Aug
* One of the largest prospective gold positions in the Albany-Fraser province of Western Australia
* Potential for early gold production, low cost risk to decision (Commencing Scoping study to assess Windarra Tailings and potential for early positive cashflow)
* Albany-Fraser projects (located within the same mineral belt as the >5Moz Tropicana deposit) is an immediate focus for exploration
* Early days for Salmon Gums project but looks VERY exciting compared against the Anglogold-Ashanti Australia's Tropicana deposit in terms of soil sampling Au values (Salmon Gums peak values of 236ppb at Lady Penrhyn, 179.6ppb at Sirius, 66.2ppb at Charlotte, 35ppb at Fishburn & 31ppb at Alexander Peak vs. Tropicana peak value of 31ppb Au)
* Fraser Range, Sunday project also exciting projects
* Strong mid term project of Tushtena, Alaska with high-grade rock chips and high-grade diamond drilling intersections in early drilling (results appear to support world-class mineral system potential)

Good luck to all holders ...... :D
Click to expand...
Thanks for all that information AussiePaul72. I'm just holding on waiting for something to happen, and the chart shows a magnificent sideways movement so far.
The cash reserves are ok for a small explorer. I expect the usual fundraising if the price lifts towards 50c and will decide what to do if and when it happens.
Good luck noi
 
Re: TON - Triton Gold

Hi Noirua ........ nice thing is that even if the sp goes to 50c then Triton still only has a market cap of approx $25M. For the projects they hold, i think they have huge potential. Only reason the sp has slipped back to around 20c is that investors aren't patient. Hopefully some news before too long. I have been continuing to buy more and averaging down. In my personal opinion i think TON is great buying at these prices with market cap <$10M ! :D

noirua said:
Thanks for all that information AussiePaul72. I'm just holding on waiting for something to happen, and the chart shows a magnificent sideways movement so far.
The cash reserves are ok for a small explorer. I expect the usual fundraising if the price lifts towards 50c and will decide what to do if and when it happens.
Good luck noi
Click to expand...
 
Re: TON - Triton Gold

Adding more evidence that the Albany-Fraser province is highly prospective for more significant gold deposits is a recent announcement by Corvette Resources (COV) a few days ago. They reported an impressive high grade RC drilling intersection of 3m @ 40.33g/t Au open at depth and to the south. This project is located 60km south and in similar host rocks to that of Tropicana. COV has a current market cap of $27.8M.

I'm amazed TON is sitting at these levels at present. Share price is hovering around 20c and market cap <$10M. With their tenement holdings and initial soil gold assay results its certainly got a lot of runs on the board in my books. Together with this they have one of the largest tenement holdings in the Albany-Fraser province of WA, which is in the same mineral belt as the >5M oz Tropicana Gold Deposit and recent discovery by Corvette Resources.

I think TON has huge potential in this region alone, without including their other highly prospective projects. Please do you your own research (Corporate Presentation is a good start released 8/9/09), but its hard not to see huge upside to TON. Disclosure: I hold TON. :D

AussiePaul72 said:
Hi Noirua ..... you seem to own this thread to date with no comment from anyone else. So thought i would throw my two bob in.

Thanks to you i came across TON and did a bit of research a few weeks ago. I like their range of projects as they all seem to have a lot of potential. I have bought some heads and also some oppies. I bought the heads a little high when it looked like TON was going to make the break over 25c. I still feel comfortable at present though. Some good news and i get the feeling it could run up fairly quickly which it being a fairly tightly held stock (approx 48M tradeable shares on offer).

A few points from their recent presentation:
* TON commenced trading on ASX on 14 Aug 2009
* Cash reserves in the bank of $6.2M at 31 Aug
* One of the largest prospective gold positions in the Albany-Fraser province of Western Australia
* Potential for early gold production, low cost risk to decision (Commencing Scoping study to assess Windarra Tailings and potential for early positive cashflow)
* Albany-Fraser projects (located within the same mineral belt as the >5Moz Tropicana deposit) is an immediate focus for exploration
* Early days for Salmon Gums project but looks VERY exciting compared against the Anglogold-Ashanti Australia's Tropicana deposit in terms of soil sampling Au values (Salmon Gums peak values of 236ppb at Lady Penrhyn, 179.6ppb at Sirius, 66.2ppb at Charlotte, 35ppb at Fishburn & 31ppb at Alexander Peak vs. Tropicana peak value of 31ppb Au)
* Fraser Range, Sunday project also exciting projects
* Strong mid term project of Tushtena, Alaska with high-grade rock chips and high-grade diamond drilling intersections in early drilling (results appear to support world-class mineral system potential)

Good luck to all holders ...... :D
Click to expand...
 
Re: TON - Triton Gold

Yes strange time to release an announcement and then the one tonight was also released at 7.43pm.... anyway a fairly good announcement in my opinion. Gold recovery from the Windarra tailings should be good early revenue and relatively cheap to produce. Announcement stated that JORC resource should be announced early Dec.
Even though share price has stayed steady lately, buying volume seems to be accumulating and buy volume now exceeds sell volume by almost 3:1. We may see the share price move up soon as drill results and JORC resource statement gets closer.
Good luck to all holders :D

noirua said:
Triton's ASX Announcement came at 7.45pm last evening. Triton Gold on-track for Maiden Resource and Near-Term Production
http://www.asx.com.au/asxpdf/20091124/pdf/31m8xr3c87m3k9.pdf
Click to expand...
 
Re: TON - Triton Gold

Some good interest in TON today. Average day on the market but TON moved up over 16% today to a close of 25c. This was also on larger volume than normal. No news announced today either.
I wonder if this has anything to do with the current drilling program underway at the Salmon Gums project??? This area has the potential to host more Tropicana size gold deposits.
I'm a holder and think this company have an excellent suite of short, medium & long term gold projects that are highly prospective. Good luck to all holders :D
 
Re: TON - Triton Gold

Anyone else out there excited about the current drilling program at
Salmon Gums?
Drill results are expected in February. If the results of gold in soil samples are anything to go by, Salmon Gums could host a significant gold resource. Compared to the Tropicana >5M ounce gold resource in the same region, the initial results from Salmon Gums are extremely encouraging.
TON already have a JORC resourse of 113,000 ounces Au at Windarra tailings dams. Scoping study for Windarra is on track for completion in February also.
Two broker reports have been published recently on TON both placing a speculative BUY on it.
Currently market cap is only about $10M with about $5.9M in cash. Seems to be a no-brainer to me - very much undervalued stock. Lots of news due in the next couple of months. If drill results in February are good for Salmon Gums, this could be the catalyst that sees a significant re-rating of TON. However as usual do your own research! :D
 
Re: TON - Triton Gold

AussiePaul72 said:
Anyone else out there excited about the current drilling program at
Salmon Gums?
Drill results are expected in February. If the results of gold in soil samples are anything to go by, Salmon Gums could host a significant gold resource. Compared to the Tropicana >5M ounce gold resource in the same region, the initial results from Salmon Gums are extremely encouraging.
TON already have a JORC resourse of 113,000 ounces Au at Windarra tailings dams. Scoping study for Windarra is on track for completion in February also.
Two broker reports have been published recently on TON both placing a speculative BUY on it.
Currently market cap is only about $10M with about $5.9M in cash. Seems to be a no-brainer to me - very much undervalued stock. Lots of news due in the next couple of months. If drill results in February are good for Salmon Gums, this could be the catalyst that sees a significant re-rating of TON. However as usual do your own research! :D
Click to expand...

Hi Pual I did about 2 hours research on this last night and I have to agree its an absolute no brainer.....I bought a small $5K 24000 share parcel this morning for $0.22 as I off load some other positions I will raise my stake....

To me the deciding factor is the Windarra announcment.....thats obscenely good.....113,000 ounces sitting in a pile of tailings close to the surface....

All they need is a cheap portable processign plant worth about $200,000, some water and a generator an they are in buisiness.....massively cash flow positive
At $500USD net per ounce they have an approximate net profit of $62,000,000 just in this one play.....then they have significant cash flow to exploit all their high quality tenements.

They have $5.9M or so in the bank and a mrket cap of just $17M or so......you dont need to be a mathematician or rocket scientists to see whatsw going on here....

So Paul thanks for the heads up on this little baby.....Im extremely excited with its prospects and IMO its so rediculously under valued its not funny.....

Right now on my sums I think its worth 66c+ just based on Windarra processing at 100,000t p.a. from the tailing pits....even at that price no allowance is built in for the tennemant quality of its holdings and explorations elsewhere....

Love it ...thanks Paul.....
 
Re: TON - Triton Gold

AussiePaul72 said:
Anyone else out there excited about the current drilling program at
Salmon Gums?
Drill results are expected in February. If the results of gold in soil samples are anything to go by, Salmon Gums could host a significant gold resource. Compared to the Tropicana >5M ounce gold resource in the same region, the initial results from Salmon Gums are extremely encouraging.
TON already have a JORC resourse of 113,000 ounces Au at Windarra tailings dams. Scoping study for Windarra is on track for completion in February also.
Two broker reports have been published recently on TON both placing a speculative BUY on it.
Currently market cap is only about $10M with about $5.9M in cash. Seems to be a no-brainer to me - very much undervalued stock. Lots of news due in the next couple of months. If drill results in February are good for Salmon Gums, this could be the catalyst that sees a significant re-rating of TON. However as usual do your own research! :D
Click to expand...

Yep, I think this has great potential, even short term with the gold price rising too. Emerging producers seems to be a good sector at the moment also.

Recently got in and pleased to be holding.
 
Re: TON - Triton Gold

would appreciate a few more new investors run the numbers in your own way on ther 113000 ounce wyandra announcement... and post back your results
 
Re: TON - Triton Gold

Extract from media release 14th Dec

The presence of gold tailings in the Central (Nickel) dam has not been tested. Records suggest that two years worth of gold tails were placed onto the Central Dam, which should account for the majority of the difference between the predicted 131,000 contained ounces (WMC) and the 113,000 contained ounces indicated from Triton Gold’s work to date.

So you may be able to put in another 18 000 ounces into your cals.

Also, it looks like they will be reporting soon on viability

Triton Gold will retain 100% of the gold rights contained in the Windarra Tails Dam by delivering a Scoping Study to assess the viability of recovering gold from the tailings dam within six months of listing on the ASX, namely 14 February 2010, among other requirements.
 
Re: TON - Triton Gold

Yeh why on earth would they not go ahead before 14th feb its so cheap for them to process.... at such shallow depths....it also allows 100% retention of and easy 113,000 - 130,000 ounce development....

IMO its a given they will proceed and the wording in their announcements is indicative of proceeding... (opinion only DYOR), they would be the worlds dumbest managment if they didnt ......and i think they have already proven to be extremely smart and pro-active developers.....

I notice there's some decent action today and 11% increase already

Seems Paul may have alerted quiet a few investors to the likes of TON - seriously thanks for the heads up Paul
 
Re: TON - Triton Gold

I believe Triton Gold are required to produce a Scope Study etc., to Mining Force Pty Ltd and Poseidon Nickel by 14th Feb 2010, concerning mining both gold and other metals from the Windarra mining tailing, WA.
The stock price hasn't moved much on the move so far but should do so once mining is fully underway as financing other projects will be simpler.
 
Re: TON - Triton Gold

condog said:
Yeh why on earth would they not go ahead before 14th feb its so cheap for them to process.... at such shallow depths....it also allows 100% retention of and easy 113,000 - 130,000 ounce development....

IMO its a given they will proceed and the wording in their announcements is indicative of proceeding... (opinion only DYOR), they would be the worlds dumbest managment if they didnt ......and i think they have already proven to be extremely smart and pro-active developers.....

I notice there's some decent action today and 11% increase already

Seems Paul may have alerted quiet a few investors to the likes of TON - seriously thanks for the heads up Paul
Click to expand...

Hi Condog ..... happy to pass on some of my research. Pleased to see that my last post has generated plenty of comment and discussion on TON. I can't believe how cheap this company is and its great confirmation that others agree. You can never be absolutely confident on an exploration company but TON has so much going for it:
- Good experienced management team with excellent technology for exploration
- Excellent short term project in Windarra Tailings Dams that will generate positive cashflow (JORC resource of at least 113,000 ounces .... possibly up to 131,000 ounces) ........ scoping study due by mid Feb at latest
- Number of medium term projects that show lots of promise. I'm very keenly awaiting results of current drilling program due in Feb ....... in particular the Salmon Gums project which looks VERY EXCITING when compared to the early exploration results of the Tropicana resource in the same region which is a 5M ounce resource!
- low market cap (~$17M)
- $5.9M cash
I'm generally very encouraged ....... ticks all the right boxes for me! I'm holding both heads and oppies and I'm just waiting for it to get discovered by other investors and more good news to be released.
Keep the discussion going guys and thanks for the re-assuring comments!! :D
 
Re: TON - Triton Gold

condog said:
To me the deciding factor is the Windarra announcment.....thats obscenely good.....113,000 ounces sitting in a pile of tailings close to the surface....

All they need is a cheap portable processign plant worth about $200,000, some water and a generator an they are in buisiness.....massively cash flow positive
At $500USD net per ounce they have an approximate net profit of $62,000,000 just in this one play.
Click to expand...

Sorry all i just couldn't help myself here...condog how long do you think its going to take TON to process this 4.5 million tonnes of tailings with this 200K processing plant you speak of, also how many people are going to be needed to run this operation? and for how long?
 

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