Tonogold Resources Inc (TNGL)

[joeblow110percent]

$5 or Higher Is Not Unrealistic.

Considering that some estimates put the total amount of Tonogold iron ore assets at well over one billion tons, I do not think that five, ten or even Mark Ashley’s projection of $2.31 pre split / $23.10 post split are out of line.

Once we improve our production and are making $37.63 per ton. If we can prove up one billion tons of iron ore that’s thirty seven billion, six hundred and thirty thousand in profits. Any of the major mining companies who would be interested in buying us out would certainly be interested in these numbers. And that does not include the other projects that Tonogold is looking at acquiring or the assets at Tonopha Divide.

This is why I think the drilling program is the most important thing going on right now. Going to full reporting and ramping up production are also important. It’s the totality of these things that put us into the best of all worlds, because these things are now happening at the same time. This is the basis for my “perfect storm” of good things at Tonogold.

The major mining companies are all in a race to expand production by purchasing lower cost producing mines, exactly like our project in Mexico. We are in a sweet spot. We can improve and ramp up our production to make money, go to full reporting to attract serious investors; while doing our drilling program to prove up our assets and potentially attract a buy out from a major.

Promotion, investor relations, public relations, 43-101, resource documents, and reserves are all in play now. I think the combination of all of these things will bring us some really spectacular results. This is why I am saying that the next nine months are going to be historic at Tonogold.

This is my humble opinion and speculation. Please look at my past posts to understand where I am coming from. This is not a recommendation to buy or sell. Do your own DD.

http://investorshub.advfn.com/Tonogold-Resources-Inc-TNGL-4288/