TON - Triton Minerals

[GaryS]

Re: TON - Triton Gold

This report is from Taylor Collison sharebrokers and investment advisors. It gives a good picture of the company and it's outlook.

http://www.tritongold.com.au/docs/TON_20091214_Taylor Collison Research Report_BB.pdf

Of interest on page 13 of the report

At the Windarra Tailings Dam project the company is on track to announce its maiden JORC-compliant resource and results of an initial Scoping Study in the first quarter of 2010. Results of this will enable a re-rating of the company with respect to a gold resource inventory and provide the potential for an early cash flow.

 

[condog]

Re: TON - Triton Gold

Thanks heres the section from report above:

Conclusion and Recommendations
Triton holds a significant portfolio of projects with excellent exposure to the rising gold price and
continued strong sentiment for gold. The company will have an expected steady flow of news in the
first quarter of 2010.
The Albany-Fraser Projects have significant upside through continued positive exploration results and we
look forward to receiving drilling results from aircore and reverse circulation drilling programs from
Salmon Gums into early 2010.
At the Windarra Tailings Dam project the company is on track to announce its maiden JORC-compliant
resource and results of an initial Scoping Study in the first quarter of 2010. Results of this will enable a
re-rating of the company with respect to a gold resource inventory and provide the potential for an early
cash flow.
Diamond drilling will commence at the Sunday project to further test previously reported high-grade gold
intersections.
A joint venture partner is sought to advance the Tushtena project in Alaska, the project shows similarities
to Intrusion Related Gold Systems of which examples include the multi million ounce deposits of Fort
Knox (7Moz) and Pogo (5Moz).
We view the combination of projects, the focus on gold and the experienced board of directors and
management as an excellent combination to achieve success through discovery.
We look forward to continued positive results and recommend Triton as a Speculative Buy.

 

[condog]

Re: TON - Triton Gold

DJ Carmichael is also rating this as a Buy...

Once they have Windarra scoping study it should be upgraded by other brokers and analysts as well

DJ Carmichael see a ton of value in Triton Gold

DJ Carmichael said the valuation when compared against peers is modest and they believe that exploration success and a positive resource result and scoping study at Windarra will be the catalysts for a price re-rating.

DJ Carmichael recommends TON as a Speculative Buy for risk tolerant investors seeking a low entry point into a gold company run by a highly respected team of mining executives."

From http://www.proactiveinvestors.com.a...-see-a-ton-of-value-in-triton-gold--3711.html

 

[AussiePaul72]

Re: TON - Triton Gold

Options (TONO) continue to be sort after ..... buyers creeping up even though the market has been quite ordinary lately!
Big month of February is almost here ....... scoping study and drilling results from Sunday and Salmon Gums to be announced!!
Bring it on

 

[condog]

Re: TON - Triton Gold

Options (TONO) continue to be sort after ..... buyers creeping up even though the market has been quite ordinary lately!
Big month of February is almost here ....... scoping study and drilling results from Sunday and Salmon Gums to be announced!!
Bring it on

I concur Paul..... Im extremely excited about what February might IMO bring for TON.....

Certainly seems like lots of possible upside....
I really hope Wyndarra proceeds, simply for cash flow reasons alone, as that free cash flow will really help by going after the higher grade areas of the tailings.... if they can then use that to fast track further exploration of Salmon Gums and sunday the potential upside would be likely to be much sooner and bigger....

 

[condog]

Re: TON - Triton Gold

Salmon Gumms drilling goes right through to March so good results will filter through till March....

The scoping study is due mid Feb

 

[AussiePaul72]

Re: TON - Triton Gold

Quarterly has been released after market close today. A very good read and shows that TON has a lot of activity occurring on many projects in this current quarter with plenty of news to be released

 

[condog]

Re: TON - Triton Gold

Quarterly has been released after market close today. A very good read and shows that TON has a lot of activity occurring on many projects in this current quarter with plenty of news to be released

Thanks Paul for the heads up, comsec doesnt show announcments that come in after hours till the next reset time...ie mon 6am...

Had a read...good to see this

“We’ve made some significant progress at Windarra tailings dam this
quarter and will continue to seek avenues for near-term cash flow,
which may contribute funds to exploration programs being conducted
elsewhere” said Mr Hall.

And this

“We expect more news during Q1 as results are received and
analysed, as well as corporate opportunities explored.”

Also good to see in the cashflow statement
Admin costs of only 484K with bank balance of approx 4.5M
Also spending 862K pq on exploration....so expect a BIG ROI on this....

For those unfamiliar with TON highlights include

HIGHLIGHTS
• Maiden resource estimate of 110,000ozs for Windarra tailings
dam
• Commenced metallurgical testwork at Windarra tailings dam
• Intersected significant gold (1m @ 78.97g Au/t) at the Sunday
Project near Leonora and completed follow-up drilling
• Commenced drilling program at Salmon Gums, one of the largest
prospective gold positions in the Albany-Fraser

 

[condog]

Re: TON - Triton Gold

Under 2 weeks now till the scoping study is due to be reported....

Feb 14th is the date for release....

Drilling is ongoing and we should recieve another update soon of any finds worth reporting....

 

[AussiePaul72]

Re: TON - Triton Gold

Under 2 weeks now till the scoping study is due to be reported....

Feb 14th is the date for release....

Drilling is ongoing and we should recieve another update soon of any finds worth reporting....

Hi Condog ..... the date for completion is actually Feb 8 ...... which is NEXT MONDAY!! ...... not long to wait now ....... and there is always the odd chance that it could be released this week .... 8 Feb 2010 is 6 months from the date of listing on the ASX and releasing the scoping study by this date fulfils the company's commitment to Poseidon Nickel Ltd.

Quoted from last quarterly report:
"During the quarter the Company released a maiden resource estimate for the Windarra tailings dam. The Indicated Resource estimate is 113,000ozs contained in 4.50 million tonnes at 0.78g Au/t and was completed by CSA Global Pty Ltd (CSA). The Scoping Study on the Windarra tailings dam being carried out by West Coast Pty Ltd is on schedule to be completed by 8 February 2010 (six months from the date of listing on the ASX), which fulfils the Company’s commitment to Poseidon Nickel Ltd."

 

[AussiePaul72]

Re: TON - Triton Gold

Under 2 weeks now till the scoping study is due to be reported....

Feb 14th is the date for release....

Drilling is ongoing and we should recieve another update soon of any finds worth reporting....

G'day Condog ...... you must have got the dates mixed as Feb 14 is Valentines Day!!! ..... an important day aswell ..... LOL

 

[condog]

Re: TON - Triton Gold

Hi Condog ..... the date for completion is actually Feb 8 ...... which is NEXT MONDAY!! ...... not long to wait now ....... and there is always the odd chance that it could be released this week .... 8 Feb 2010 is 6 months from the date of listing on the ASX and releasing the scoping study by this date fulfils the company's commitment to Poseidon Nickel Ltd.

Quoted from last quarterly report:
"During the quarter the Company released a maiden resource estimate for the Windarra tailings dam. The Indicated Resource estimate is 113,000ozs contained in 4.50 million tonnes at 0.78g Au/t and was completed by CSA Global Pty Ltd (CSA). The Scoping Study on the Windarra tailings dam being carried out by West Coast Pty Ltd is on schedule to be completed by 8 February 2010 (six months from the date of listing on the ASX), which fulfils the Company’s commitment to Poseidon Nickel Ltd."

Yep ta...knew that, and they may present it to market as early as Feb 8th, but they are actually presenting it to Poseiden on the 14th... so I personally doubt it will be released to public till same date...

If however they give this info to Posieden before 8th as apparently required...then we will under disclosure, surely see the report on the same date....presumably the 7th / 8th...

Paully, not sure that Valentines day stops multi million dollar deals.....?? lol..it sure creates some future ones though..

 

[AussiePaul72]

Re: TON - Triton Gold

Yep ta...knew that, and they may present it to market as early as Feb 8th, but they are actually presenting it to Poseiden on the 14th... so I personally doubt it will be released to public till same date...

If however they give this info to Posieden before 8th as apparently required...then we will under disclosure, surely see the report on the same date....presumably the 7th / 8th...

Paully, not sure that Valentines day stops multi million dollar deals.....?? lol..it sure creates some future ones though..

Hi Condog .... thanks for that clarification ... where did you get the Feb 14 presentation date to Poseidon from? ... don't think i've come across that!

TON would have been great buying IMHO today ..... however i have my fill and am just waiting patiently

 

[Miner]

Re: TON - Triton Gold

Today TON fell down like a pack of cards
I wished to have deciphered the true posting vs ramping on this thread.

Never mind all part of a game when insufficient research is done by me

I am moving on

 

[condog]

Re: TON - Triton Gold

Today TON fell down like a pack of cards
I wished to have deciphered the true posting vs ramping on this thread.

Never mind all part of a game when insufficient research is done by me

I am moving on

Miner, its a small traded stock flying under the radar, bound to have days where its ignred by buyers and sold down....

If anything yesterday is the day to be grabbing stocks like this....if youve DYOR and sought advice...

PAtience omego.....8th - 14th feb = significnat announcment, then drilling results contiuing through to march..... some time shortly after march = decision time on drilling results / JORC compliant estimate.....= potential upside.....

 

[Miner]

Re: TON - Triton Gold

Miner, its a small traded stock flying under the radar, bound to have days where its ignred by buyers and sold down....

If anything yesterday is the day to be grabbing stocks like this....if youve DYOR and sought advice...

PAtience omego.....8th - 14th feb = significnat announcment, then drilling results contiuing through to march..... some time shortly after march = decision time on drilling results / JORC compliant estimate.....= potential upside.....

You are good Condog. Never miss a post under your radar. Surely police department and ASIC missing your services

Thanks a lot mate for your courageous note.

 

[condog]

Re: TON - Triton Gold

You are good Condog. Never miss a post under your radar. Surely police department and ASIC missing your services

Thanks a lot mate for your courageous note.

Hey miner, im not sure whether your joking or angry, but that deck of cards just un-collapsed.....hope that makes ya day....:

Not sure what ya meant by carageous either....but no dramas

 

[Miner]

Re: TON - Triton Gold

Hey miner, im not sure whether your joking or angry, but that deck of cards just un-collapsed.....hope that makes ya day....:

Not sure what ya meant by carageous either....but no dramas

Condog

You have to make harder efforts to get me angry.

I was only complimenting your pair of hawk eyes.

LOL

 

[AussiePaul72]

Re: TON - Triton Gold

Today TON fell down like a pack of cards
I wished to have deciphered the true posting vs ramping on this thread.

Never mind all part of a game when insufficient research is done by me

I am moving on

Miner, I'm struggling to understand your comments? TON is a minnow and therefore does waiver around a bit but yesterday it dipped down to 19c, which is NOT a new low for the company and still within its trading band history. Today it bounced back to close at 21c. I hardly call this falling down like a pack of cards.

I don't believe there has been any ramping or false information posted on this thread that i can recall. If there has please disclose it?

As with all stocks, you should do your own research before investing ....... and if TON is not your cup of tea (so to speak) then thats fine!! I wish you all the best on your future stock picks. Take care mate

 

[condog]

Re: TON - Triton Gold

Paul we may see an announcment on Windarra tommorrow....even though they are presenting it to Posioden on 14th it is possible it could be released to market any time from the 8th to 14th.... keep your eyes tuned..