Tonogold Resources Inc (TNGL)

[joeblow110percent]

New $5B iron ore mine in the works for WA
http://www.mining.com/new-5b-iron-ore-mine-in-the-works-for-wa/?utm_source=digest-en-mining-170122&utm_medium=email&utm_campaign=digest

“Western Australia is poised to sign an agreement with a wealthy New Zealand family whose multi-pronged business empire includes a large, undeveloped iron ore deposit.”

“WA Premier Colin Barnett said the Balla Balla Infrastructure Group would build the six to 10 million-tonnes-a-year iron ore mine on the Pilbara coast between Karratha and Port Hedland, WAtoday reported on Monday. The project is worth an estimated AUD$5.6 billion….”

“Iron ore recently climbed to $83.50 a tonne, the highest the steelmaking ingredient has been since September 2014, on strong import figures from China.”


The Iron Ore price is now in an area that presents, as Tonogold CEO Mark Ashley put it in the 1/8/2015 TNGL press release “positive net margins of at least $10t, which exclude the benefit of any project optimization initiatives that we believe, can be achieved.” http://www.tonogold.com/s/NewsReleases.asp?ReportID=690478&_Type=News-Releases&_Title=Tonogold-Strategy-Update

It’s been two years since TNGL and Mark Ashley has put out any news! How about some news on iron ore production at NevMex? What’s up with the project optimization initiatives? When is NevMex going to go into production? Is anybody awake there at Tonogold? What is going on?

How about some News Mark Ashley!

Tonogold Resources,Inc. WARNING!
This Company May Not Be Making Material Information Publically Available: http://www.otcmarkets.com/stock/TNGL/quote
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.

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