TON in trading halt about to declare JORC on its Nicanda Hill resource which is directly to the south of OGI's tenements and are expected to be comparable to SYR's. SYR MC currently 600m TON currently 90m and expected to increase post JORC. OGI MC of around 30m after deal still looks good in comparison. TON have already stated that their drilling indicates that the resources improves significantly to the North which is now owned by OGI. This is a major deal by OGI as I suggest both TON & SYR would have loved to get hold of this tenement. All IMO.
OGI Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held