TON - Triton Gold

[noirua]

Quote: Originally Posted by AussiePaul72 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!!!

[condog]

Quote: Originally Posted by AussiePaul72 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!!!

[condog]

I just ran more calcs on TON, HEG and a few other miners....

Currently TON has two acitve drilling programs in highly prospective areas with significant gold indocators .... and yet at $25 per prospective oz it has only 220,000 oz allowed for in its current price....

Given they are totally prospective and non JORC even at $12.50 per potential oz it only has 440,000 oz factored in.....in total that is....

Given Windarra has 113000-130000 but say with 50% recovery = 56500 oz already, thats only got 163500 prospective oz's factored in for the entire other three projects....

So given that sunday has already found 1m at 78g/t+ and 1m at 1.3g/t 100m away this means that the Albany Fraser and any possible Tushtena JV in Alaska is priced in at less then 100,000 oz's

With the Tropicanna so close at 4Moz thats a stange pricing of TON.... one has to start thinking perhaps this ones flying under the radar somewhat.....

Even if Windarra was canned it would slow exploration and possible force cap raisings in around 18 months time, but the price would still to me IMO look like its not pricing in anywhere near the potential of these projects....

These assumptions are based on my opinion and prospective oz in high grade fields with proven adjoining finds such as Alabnny Fraser...

Im a mug punter so DYOR , seek independent advice and never act on my posts....

Run a few sums and cross check this with a fe other similar size compatible gold miners....

[So_Cynical]

Quote: Originally Posted by condog I just ran more calcs on TON, HEG and a few other miners.

[condog]

Quote: Originally Posted by So_Cynical Comparing prospectors burning cash to a junior miner with some production capacity and proven JORC reserves is a silly comparison in my opinion.

[Miner]

Quote: Originally Posted by So_Cynical 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.

[condog]

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

Quote: 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.

[AussiePaul72]

Quote: Originally Posted by condog 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

[condog]

Quote: Originally Posted by AussiePaul72 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

[AussiePaul72]

Quote: Originally Posted by condog 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...

[condog]

Quote: Originally Posted by AussiePaul72 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

[sam76]

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.

[AussiePaul72]

Quote: Originally Posted by sam76 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.

[condog]

Its really weird you know i watched this for a while before researching it and buying and there was virtually no sell volumes at all nearly all the time....

Then when i purchased I had to smash a few prices at once to get them which triggered that flurry last week..... the sellers had complete control and with just one more sell the next one was 0.39c which someone may have been silly enough to bid if it was the only sale.........

Then in came the sellers got to excited and have sell pressurded all the way back down.....to just above its old point....

Theres one thing ive learned in small stock.... never put you sells on till the price is at what you want to sell for , else your just bidding it down, especially if you have big holdings in small companies....

thats my 2c for tonight........see ya in ton tomoz ...hopefully lotza action....

[kgee]

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?

[kgee]

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

[Miner]

Quote: Originally Posted by kgee 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

[condog]

Quote: Originally Posted by kgee 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?

[kgee]

Apologies...had a couple too many last night
will be watching upcoming announcements with interest
especially the economics of the windarra tailings project...approx 100,00 oz and .78 g/t

[noirua]

Still holding on to this one as it's difficult to see the eventual value and others may pile in knowing the stock has plenty of plus signals on its various ventures. Gambling that TON is cheap in the odds game and the A$ should weaken further against the greenback.