There are 'rail rover' tickets for the trains in Mid Wales which are 'relevant' for all journeys from Pwelli to Aberystwyth.
Think you can buy them on a daily basis, or for a week which includes all local buses too (mind you, the buses are fairly infrequent unless it's from the larger towns). The trains are fairly frequent though, i think it's Centro which run the service, but don't quote me on that!
Seem to remember the tickets were fairly cheap, though that was a few years ago now (there's also a nice council run campsite if your camping. It's about a mile East of Towyn and is called Ynysimygwyn or something...well cheap and has good facilities too.
Angelsey has all the tombs you could wish to see, though i never found the peeps that friendly/helpfull.
Bangor's OK, as it has a Uni there, so the peeps are a little more accomadating (though watch out for the 'white trash' housing estate to the N of the town (i think it's north...been a while ? full of drunks, junkies and nasty Welsh nationalist/BNP types).
Anyway, however you get there have a great time (and pack youor raingear, I'm sure you'll need it :)