There is a lot of discussion on Windarra Tailings project and it is very topical at present, however, my reasoning for investing in TON was due to the potentially large scale projects. One of these is Salmon Gums which they are currently drilling ...... and i'm very keenly awaiting drilling results. If you read announcements relating to this project, the initial gold in soil levels at a number of prospects at Salmon Gums are significantly better than those gained at the 5M ounce Tropicana gold resource in the same region. I find it difficult not to get very excited about that project alone!!!
Have been away this weekend and just caught up on the good discussion. Good initiative Condog to contact management for some info and see what they are expecting. However, none of us will have to wait long before the scopying study should be released.
There is a lot of discussion on Windarra Tailings project and it is very topical at present, however, my reasoning for investing in TON was due to the potentially large scale projects. One of these is Salmon Gums which they are currently drilling ...... and i'm very keenly awaiting drilling results. If you read announcements relating to this project, the initial gold in soil levels at a number of prospects at Salmon Gums are significantly better than those gained at the 5M ounce Tropicana gold resource in the same region. I find it difficult not to get very excited about that project alone!!!
I just ran more calcs on TON, HEG and a few other miners.
Comparing prospectors burning cash to a junior miner with some production capacity and proven JORC reserves is a silly comparison in my opinion.
Yes thats what you must do when they are in this phase of development... if you always waited itll its confirmed JORC for everything and contracted farm ins or production figures....your missing out on the best part of the growth....ITs much higher risk earlier on, which is why so much research is critical....as you have to get enough indicators of likely success, confirmed findings ets to be ata comfortable risk v reward ratio.....Your making alot of assumptions here condog..
Yes thats why they raised so much capital...to fund an ambitios drilling program in a high grade, high probability area....One of the major attractions about this company is other people have been dilluted for the exploration costs and investors now can come in and pick off some of the results...while having exposrue and leverage to potentially massive upside risks.....in my experience an ambitious 2 rig drilling program would burn through 5 mill a year, no problem..
Point taken it would be nice to have higher then 2g/t, but where tropicana will come out trumps is on sheer volume and economies of scale.....also Tropicana is a very big, somewhat low grade deposit (about 2g/t Au) expensive to mine, and very expensive to develop and very hard to imagine TON has anything better just because there down the road a bit...further south where there tends to be less gold.
..I really don't want to be seen as down ramping, just being realistic...last post this thread so good luck to the holders.
Comparing prospectors burning cash to a junior miner with some production capacity and proven JORC reserves is a silly comparison in my opinion.
xxxx
I really don't want to be seen as down ramping, just being realistic...last post this thread so good luck to the holders.
A 10,000m aircore drill program is underway at the Company’s Salmon Gums project (100%), located in the prospective Albany-Fraser Province. The program will test a number of large-scale coherent soil gold anomalies on the project.
At the Sunday project, Triton Gold commenced a 600m diamond drill program (3 holes) to test the structural and alteration characteristics of the zone from which the high grade intersection of 1m @ 78.97g/t gold was returned.
Drilling announced 11th Dec should be progressing well and announcments should begin flowing soon... particularly on the Sunday drilling which is only 600m....
These two quotes are from the announcment 11th Dec 09
Hi Condog ..... yes i wouldn't be surprised to see increased interest in TON as we approach the release of drilling results from both the Sunday project and the Salmon Gums project. Management stated in one of the press releases that they are expecting results to be released in February
Hey Paul, there was definitely some interest yesterday.....much bigger volumes and just prior 4pm hardly any sells on deck.........
Good to very good buying pressure for a small and little traded stock....and unlike a few others seems to be very tightly held....
The big end of town would have difficulty getting into this one, even if they wanted to...
Hey Condog ..... yes there definitely seems to be some stirring happening lately. Today the oppies were up over 30% on larger than normal volume together with some significant buy orders sitting there! Yesterday the options closed at 6.1c and today after today there are over 600,000 in buy orders at 6.5c or greater with a single order of 350,000 sitting at 6.9c.
Larger volume traded on the ordinary securities today aswell. Sellers are starting to thin and i think once the sp takes out the 22.5c barrier it may go on a run.
I wonder what todays interest is related to! It could be a number of things:
* Release of the scoping study for Windarra
* Current drilling related to the Salmon Gums project
* Current drilling related to the Sunday project
Positive news on any one of these could see a re-rating of TON's $17M market cap.
These are my thoughts only ..... DYOR
I was the guy lucky enough to get those oppies yesterday.
All i could afford at the time and they were expensive compared to the heads but i had a greater exposure to the stock this way, plus a massive expiration date (dec 2013)
I have no access to market depth in either my trading platforms - I guess it's too small maybe?
anyways, I'll be holding for a little while longer and am happy to be along for the ride.
edit. Forgot to say thanks to you two for your great research.
Hi Paully et al
Once again Paul you prove to be a wise one, IMO hitting the nail fair and squarely on the head.......
IMO its related to anticipation of all three....but particularly Salmon & Sunday...which I think is what the big players are sniffing....Not long till the word will be out on this one......
I racked up a lot of it this week just in case....
Wrong forum to say it on but just posted my 500th time ....hope its not the piece of hay that broke the camels back lol
Sometimes i miss the point
it's being fluctuating the last couple of weeks, give or minus 10%
no big rise in volume
scoping study to come + drill results
please explain again why you like this company
I just don't see the differrence between TON and 100 other companies
I'm not saying your wrong but can you dumb it down for me?
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