* TNGL is now a producing iron ore company, owning one of the
largest iron ore projects in the world, with real world class
production potential
Under your assumption, any claims with dirt would be considered one of the largest iron ore deposits in the world
We will soon find out that we are regularly shipping thousands of tons or iron ore. We will see seven figures in incoming profits from those shipments on a regular basis.
Why would they ship anything right now if they are losing on every tons produced...see PP presentation.
As the iron ore geological survey (43-101) comes in from the drilling program, we will see hundreds of millions if not BILLIONS of tons of iron ore capable of turning this project into a World Class Producer; the majors will take notice!
be prepared to spends 10's of millions of dollars for that ...assuming there is any iron ore there.
Some of the biggest mining companies in the world will come calling, looking at an outright buy out of Tonogold at a stock price of between five and ten dollars a share and a bidding war for TNGLD will ensue! I would not be surprised if there is a line of people walking both the Tonopah divide and iron ore mine in Mexico as we speak.
Arcelor Mittal already knows about this mine. What did they say?
Did any cartel representatives pay a visit yet?
I think that all of this is already happening, it’s already in play. I think everything CEO Mark Ashley put in the power point is now happening in real time. www.tonogold.com/i/pdf/AGM-June-23-2014.pdf
I think that power point said they are not making or losing money on every ton produced based on todays iron ore price.
