Tonogold Resources Inc (TNGL)

[joeblow110percent]

The Most Important Thing – UPDATED!

TNGL IS ABOUT TO CLOSE OUT OUR 14 MILLION CAPITAL RAISING. WE ARE CURRENTLY IN THE PROCESS OF GOING TO FULL REPORTING STATUS WITH A 3 – 6 MONTH COMPLETION TARTET. THAT WILL ALLOW THE BIG FUNDS TO BUY OUR STOCK. WE ALSO ARE IN THE PROCESS OF INCREASING THE PURITY OF OUR ORE AND REDUCING THE PRODUCTIONS COSTS BY SHIPPING IT TO PORT VIA RAIL, INSTEAD OF BY TRUCKS.

THE MOST IMPORTANT THING GOING ON NOW IS THE DRILLING PROGRAM. THE PURPOSE OF THE DRILLING PROGRAM IS TO PROVE HOW MUCH IRON ORE IS IN THE GROUND BY IDENTIFYING THE “BLOCKING RESERVES.” ONCE BLOCKING RESERVES ARE IDENTIFIED IT IS A BANKABLE DOCUMENT. THIS IS WHAT THE BIG FUNDS AND ANY MAJOR MINING COMPANY WHO MIGHT BE INTERESTED IN BUYING US OUT WILL WANT TO SEE. THE DRILLING PROGRAM IS WHAT WILL PUT THE MOST UPWARD PRESSURE ON OUR STOCK PRICE.

Once our 14 million capital raising is in we will start an elecromagnetic assessment of the property by flying airplanes with magnetic reading instruments in them over the property. This will create a magnetic map. This process will take about three weeks. The geologist then put dots on the magnetic map. Those dots are areas where they will drill. At this point they will IMMEDIATELY start drilling, three drills running 24/7. The drills are already in place and waiting for instructions. The drill program will include 375 holes. See page 17 of the PDF: http://www.tonogold.com/i/pdf/AGM-June-23-2014.pdf That is a huge drilling program, especially considering all of those holes are going into just the one large anomaly circled in yellow. See page 17 on the PDF.

We could potentially be looking at between one and five billions of tones of iron ore on the property in total. Look at page 19 of the PDF, when you do the math on our production costs and profits we are seeing a profit at $37.63 per ton. Multiply that number by one billion tons of iron ore and you get $37,630,000,000 in profits. That would be net profits over the lifetime of the mine. If we have 5 billion tons of iron ore we could be looking at $188,150,000,000. Those are billions! These numbers are rough estimates. The price of iron ore changes every day but the numbers are so huge that there is a lot of room here for error. The results of the drilling program could make the value of the iron ore mine go up exponentially, maybe even a lot higher than CEO Mark Ashley’s $2.31 a share projection found on page 19 of the PDF.

Ashley’s projected numbers from our current price of near .085 cents would be a 2,710% Return On Investment (ROI). That would make every $1,000 invested at $0.085 cents turn into $27,174.84.

If those numbers seem unreal just think about Mark Ashley’s stats from when he was CEO at LionOre. Ashely took LiorOre Mining International (1994 – 2006) from $0.40 cents to $27.50. One thousand dollars invested would have turned into $68,750. That is a 6,875% ROI. LionOre was a dormant company and Ashley turned in into the 8th largest nickel mining company in the world. A 20 million market cap turned into 6.26 billion.

IMHO, I think TNGL is about to make some historic moves and we are about to make a boat load of money.