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TON - Triton Minerals

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Re: TON - Triton Gold


Hi Condog et. al

For a change I am thinking to be smarter

I sent an email to the CEO of TON this morning. Believe me within an hour I got a reply saying they have received the scoping study on 8th Feb as promised by him in his report. They are presenting it to Poseidon on 15th Feb and will release it in market on the same day.

My guess is today's rise in TON probably reflected people's belief.

Having said, he made no indication if the study report was bad or good. So all guess work at this moment.

Have a great weekend.

I am looking better with some lower price purchase of TON in this week by default. I wish such smart act happens with me for all holding
 
Re: TON - Triton Gold

Good to hear miner

Just remmebr though while this scoping study will be excellent if its a low cost high return, near term project that gets a full tick of approval.....

Ultimately the real value will be in there drilling results.....if anything Wyndarra wont make TON a fantastic success, but it will give lovely short term cash flow to lessen or prevent dilutions and to fund faster exploration / development of its two other precints.....

To me Wyndarra is a nice little bonus not the real deal.. the real prize is in the two drilling projects...
Having said that 100K plus of accessable Au is not to be sneezed at for such a small mcap company...
 
Re: TON - Triton Gold

Wyndarra scoping study must be released today....
They are giving details to Posieden today so will be obliged to release to market.....my understandin is its not commercially sensitive or private so we will see it today...

If its a goer we should see an immediate spike as it will bring short term cash flow for accellerated exploration and development of the Albanny Fraser et al..

Remember TON is only $10m mcap so if Wyndarra is a goer the upside of it will be good...but the real goal is to use the cash on the others....

Even if they can only mine 50,000 of the estimated 130,000 ounces , its likely to be low cost at say $600+ net per ounce * 50,000 = $30M cash over say 4 years for a $10M mcap company...... thats some serious upside..... but the cash will hopefully be injected stragiht to the others where the upside is hopefully aiming at discovering a 4-5M ouze resource....So far results have been very encouraging with multiple high grade intersections...over a large area...
 
Re: TON - Triton Gold

condog said:
Even if they can only mine 50,000 of the estimated 130,000 ounces , its likely to be low cost at say $600+ net per ounce * 50,000 = $30M cash over say 4 years ..
Click to expand...
condog, 50k ounces over 4 years in about 200k total ounces. So the calculator tells me anyway.

The metallurgical testwork will be interesting. How they are going to make .78 g/t economical to produce will be anyway. I suppose having it sitting on the surface they can just pan it out. Wasn't a feasability study due on the 8th?

Certainly an interesting minnow, if they are lucky enough to hit something with their exploration drilling.
 
Re: TON - Triton Gold


Hi Condog and Kennas

The gold plant nearer to .78 gm per ton currently operating is Boddington Gold Mines (BGM) owned by Newmont in WA. But it is a massive plant and probably largest milling and processing plant in gold. So basically with a very high scale of economy BGM is aiming to be successful.

But the same may not be a typical example for Condog with a very low volume of production and resources.

Any way and only a few hours when the scoping study gets revealed. Probably it will be disclosed after the market is closed meeting the ASX requirement of same day but giving enough time for the Tuesday market to react and act
 
Re: TON - Triton Gold

the worm seems to have turned a little on this one - buyer board a lot fuller now. Not smart if the news is not happy, they will just get taken in the exit and will miss the boat if the news is good.
 
Re: TON - Triton Gold

We didnt get our announcment Paul....

Ill be bashing ther inbox for news by mid day tomoz if it aint up....
 
Re: TON - Triton Gold

condog said:
We didnt get our announcment Paul....

Ill be bashing ther inbox for news by mid day tomoz if it aint up....
Click to expand...

Condog, TON have a habit of releasing announcements after market close ..... so still might be coming! However, as it was a presentation i thought it might have been released by now.
Don't lose sight of the big picture though and everything TON has going for it. I have confidence in the management team. Just have to exercise patience i guess
 
Re: TON - Triton Gold


As do i very much so, but i do like timely announcments.....so will be on there case if its not timely
 
Re: TON - Triton Gold

condog said:
We didnt get our announcment Paul....

Ill be bashing ther inbox for news by mid day tomoz if it aint up....
Click to expand...

I contacted them today already. They said the results were done on the 8th and today they were putting together their statement. We should know tomorrow...
 
Re: TON - Triton Gold

Atlas79 said:
I contacted them today already. They said the results were done on the 8th and today they were putting together their statement. We should know tomorrow...
Click to expand...

Cool thanks atlas..... hopefully it will be a goer....as i said its not make or break, but it will certainly add value and accellerate things if it is....
 
Re: TON - Triton Gold

condog said:
Cool thanks atlas..... hopefully it will be a goer....as i said its not make or break, but it will certainly add value and accellerate things if it is....
Click to expand...

Market opened more than 14 minutes now.
No announcement from TON.
They promised for the announcement and confirmed the same. But promises are made in heaven. Probably they are watching the market movement to position the time of announcement . I am now becoming cynical on TON
 
Re: TON - Triton Gold

condog said:
We didnt get our announcment Paul....

Ill be bashing ther inbox for news by mid day tomoz if it aint up....
Click to expand...

Howz the inbox looking condog?
It's midday and still no news.
Dislike companies that state that an announcement is to to be made by ex date & then not deliver.
Totally agree with you miner.
 
Re: TON - Triton Gold

jancha said:
Howz the inbox looking condog?
It's midday and still no news.
Dislike companies that state that an announcement is to to be made by ex date & then not deliver.
Totally agree with you miner.
Click to expand...

Doing a good job of making me nervous about my holding.

Continuing to hold for now, but will dump them if an update is not given within 24 hours.
 
Re: TON - Triton Gold

Must be a good reason why they haven't released an announcement yet. They could be possibly waiting on the tick of approval from Poseidon management for parts of the news release also. Also, going on past history its not unusual to see them release news after market close.
I'll looking regularly tonight for any news releases even though its not a make or break project.
First set of drilling results should be getting very close for the Salmon Gums project aswell ..... this for me is a very exciting prospect
 
Re: TON - Triton Gold


Here U go mate.
The good reasons are out : recovery 85% through two set up one of which CIL carbon in leach technlogy.
Should a miner be happy with this low recovery and that too an expensive CIL plant for 65% order recovery

Was the waiting worthy ? Don't know. Need to read every word of this two page report and suerly Posseidon got hundred of pages of the report.

Surely market will tell the story tomorrow

Report is attached
 

Attachments

  • ton report.pdf
    204.5 KB · Views: 24
Re: TON - Triton Gold

I think the market will be generally dissapointed...primarily becasue of a lack of detail and longer time line then anticipated.....

Recovery rates seem OK, but then that depends on cost, and further studies which i thought they may have provided....and didnt....

Dont be surprised if there is an inital sell off on this news, which may well be a stupid move given this is the minor prize comparred to potential of Albanny fraser drilling results which are currently being drilled...

Hopefully i will get my top up opportunity...
 
Re: TON - Triton Gold


Just as i thought ..... announcement released after market close tonight!

I tend to agree Condog .... i wouldn't be surprised to see the short term traders sell off tomorrow ....... not that in my opinion the report is a bad one but just not filled with a lot of detail ..... i'll be looking to add more if it drops too much tomorrow aswell ...... just as you said 'this is the minor prize' but a useful one to have for early cash flow .....

We mustn't be too far away from initial drilling results from drill program that was started on Dec 11 and will continue through till March..... so i'd be surprised to see the share price slip too much
 
Re: TON - Triton Gold


Judging from its performance last week and this average ann I wouldnt be supprised to see it get pushed/slip -13% over the next few days and then start building its way back up into the make or break ann. Will be interesting to see how the DOW performed in the morning if we see green (which is where my money is) may buffer the initial sell off.

And when we get red from the DOW the following day (which again is where my money is) it may help push TON down far enough for Condog to get come action. -Speculator-

Glad we got this tonight.
 
Re: TON - Triton Gold


I have the feeling that a 10% drop tomorrow would be in order on this announcement.
Hmmm maybe more
 
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