Tonogold Resources Inc (TNGL)

[joeblow110percent]

BHP Delays Output Boost

BHP blinks as iron ore prices fall, delays output boost

“BHP Billiton is slowing down its expansion plans in iron ore, the first big miner to pull back as a global supply glut sends ore prices tumbling.

The world no. 3 producer said it would delay an Australian port project that would have boosted output by 20 million tonnes and buoyed annual output to 290 million tonnes by mid-2017…

“It is probably more a symbolic posturing position by BHP, but it also likely signals the bottom of the iron ore market, given this action is being taken by one of the lowest cost producers,” said Mark Pervan, head of commodities for ANZ Bank.

“BHP is simply saying, why spend the money now to produce more when the ore may well be worth more at a later date when supply from other sources backs off,” said David Lennox, a mining analyst with Fat Prophets.”

http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/bhp-blinks-as-iron-ore-prices-fall-delays-output-boost/article24058795/?cmpid=rss1


TNGL the Next 6 Months
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110980454


Your Due Diligence starts here:

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

This is my humble opinion and speculation. This is not a recommendation to buy or sell. Please do your own Due Diligence .

#Tonogold #TNGL #IronOre #GoldMining #JuniorMinors #IronOreMining #SilverMining #Gold #Silver #Sonora #Mexico #MexicoMining #MexicanIronOre #CanamexCorridor #DeepFieldOpportunitiesFund #JordonMoelis #Moelis #DFOF # GustavoMazon #Mazon
#EddieSugar #EASadvisors #WestKirklandMining #WKLDF #WKM #Hasbrouck #ThreeHills #TonopahDivide #KingTonopah #MarkAshley #TravisMiller #GustavoMazon #JordonMoelis #ComstockRoyalty