Tonogold Resources Inc (TNGL)

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Iron Ore Enters Bull Market - Mining.com

We Continue to Hold:

http://www.mining.com/iron-ore-price-soars-again/
The spot price of iron ore extended its recent gains on Friday, with the steelmaking material enjoying its best week since 2012.

The 62% Fe import price including freight and insurance at the Chinese port of Tianjin added $3.20 or 5.9% to $57.00 a tonne on Friday, the highest since mid-March and a 12% gain for the week according to data provided by The SteelIndex.

The advance in the Metal Bulletin's benchmark 62%-index at the ports of Qingdao-Rizhao-Lianyungang in China for the week came to 13.5% or $6.88 to $57.81 a tonne. According to Metal Bulletin it's the largest percentage gain since September 2012 when prices were bouncing back from the then long term low of just over $88 a tonne.

MetalBulletin's 58% Fe index performed even better jumping 14% in the week and trading above $50 a tonne for the first time in more than six week.

The iron ore price has now recovered more than 22% since hitting record lows at the beginning of April. A more than 20% appreciation from a low is considered a bull market.