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EXPLORATION to PRODUCTION!!!!!!
THE MOST IMPORTANT THING HERE IS THAT TONOGOLD HAS GONE FROM EXPLORATION TO PRODUCTION STATUS. The market has not recognized this because there has been no promotion. There should have been half dozen press releases on this topic alone. Once the investment community realizes this it will translate into explosive moves higher in the stock price.
Our 52 week high is $1.90 with no production. Currently we are for sale at ~.16 cents which is about a ~91.5% discount from that high. The current discounted stock price is an astounding discounted opportunity for speculators.
I believe that the TNGL fundamentals are really good and once promoted, we will see explosive moves higher in the stock price.
Tonogold Top Ten updated - January 2015!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109641464
Everything U Need to Know on TNGL- October 2014
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107284171
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/
Press Release 1/8/14 REVIEW - # 3
http://finance.yahoo.com/news/tonogold-strategy-204000529.html
Tonogold has announced that by grinding the 58% Fe to ~150 microns and putting it through a wet magnetic separation, we get a 68% Fe. I have told you about wet magnetic separation in numerous of my other posts. The haters have tried to make this seem like a mission impossible task. This is simply not true. It is easily accomplished and in “independent testing” is confirmed to be surpassing all our expectations! Product at this quality level sells for ~$30t more than our previous 58% Fe IO with no penalty. And price/demand for this higher grade of IO is up! Check the links below in this post for confirmation. No pumping here just facts that are publically available.
This is really good news and puts us in a better profit to cost position than the vast majority of the other small minors and even some of the top four major producers. This is a better result than what we expected; and much better than the previously publically stated TNGL goal of producing a 61% Fe IO.
“We strongly believe that the current low iron ore price is not sustainable in the long run and that at a long-term sustainable price the NevMex project would generate positive net margins of at least $10/t, which EXCLUDE the benefit of any project optimization initiatives that we believe, can be achieved.”
As I have said in numerous posts, the iron ore prices, like most everything else goes up and down more or less in waves. Price will not stay this low forever. When price rebounds Tonogold will be in an excellent position to profit.
With our cost of production estimated at ~55t and a 68% Fe paying, at the current low prices paying ~$90t, we now (even with the low IO prices) have a profit margin of ~$35t. Using CEO Mark Ashley’s numbers we can add his estimate of a $10t current profit to the ~$30t additional profit we get for the higher grade IO, and we come up with a ~$40t net profit margin. Either way this is an extremely good situation, especially considering that most of the iron ore mining sector is operating at a loss.
High Grade Iron Ore Price/Demand is Up!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109748893
Here's How China's Tougher Environmental Policies Are Transforming Australia's Iron Ore Market. http://www.businessinsider.com.au/heres-how-chinas-tougher-environmental-policies-are-transforming-australias-iron-ore-market-2015-1
Tonogold Top Ten updated - January 2015!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109641464
Everything U Need to Know on TNGL- October 2014
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107284171
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/
Tonogold Production Due Diligence
Mexican Federal Highway 15
https://en.wikipedia.org/wiki/Mexican_Federal_Highway_15
CANAMEX Corridor Plan Approved
http://libertyparkusafd.org/lp/Hamilton/Security%20and%20Prosperity%20Partnership%5CCANAMEX%20Corridor%20Plan%20Approved.htm
Tonogold Top Ten updated - January 2015!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109641464
Everything U Need to Know on TNGL- October 2014
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107284171
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/
Press Release 1/8/14 REVIEW - # 2
http://finance.yahoo.com/news/tonogold-strategy-204000529.html
Iron ore is often found in layers with material that is on top of it called “overburden”. It’s called overburden because it’s found over, or on top of the asset (iron ore) and it’s a “burden” to remove it. We are at “zero-cost” removing and selling the overburden “waist” and exposing the iron ore. This will make it easier and less costly to get to the asset (iron ore) when we want to start producing the iron ore at a later time that more benefits TNGL shareholders. Instead of our waist being a “burden” to remove and put someplace, we are being paid for our waist. And we are exposing, or making our iron ore asset more accessible for easier and more cost efficient future production. While at the same time we are working on producing a much higher grade iron ore that sells for ~$30 more a tone than the lower quality IO we previously produced.
“The net proceeds from the sale of the road base will MORE THAN cover all site costs over this period, resulting in a zero-cost waste removal program and, at the same time, expose more of the ore body in advance of a subsequent production decision.”
Making money removing our waist is a very good thing. This result has exceeded expectations. Tonogold is now producing at a profit and setting ourselves up for lower future costs of production with a much higher grade iron ore that sells for ~$30 more that our previous lower grade IO and with no penalty. Price/Demand for this higher grade iron ore is actually up. Take a look at the below links for confirmation.
High Grade Iron Ore Price/Demand is Up!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109748893
Here's How China's Tougher Environmental Policies Are Transforming Australia's Iron Ore Market. http://www.businessinsider.com.au/heres-how-chinas-tougher-environmental-policies-are-transforming-australias-iron-ore-market-2015-1
Tonogold Top Ten updated - January 2015!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109641464
Everything U Need to Know on TNGL- October 2014
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107284171
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/
Top 100 mining companies: Ugly at the top (Part 1)
Keep it in perspective. Tonogold is now a producing mining company with revenues, profits and no debt. Most of the mining industry is hemorrhaging money. Many miners are going out of business. We are starting production, improving the quality of our iron ore, team building and accumulating additional assets. Things look remarkable good at Tonogold.
http://www.mineweb.com/top-100-mining-companies-ugly-top-pt-1/
Tonogold Top Ten updated - January 2015!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109641464
Everything U Need to Know on TNGL- October 2014
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107284171
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/
Expect some big mining cost falls in Q1
http://www.mineweb.com/expect-big-mining-costs-falls-q1/
Global Gold Demand Will Overwhelm the Manipulators – Nathan McDonald – Sprott Money News
http://www.sprottmoney.com/news/global-gold-demand-will-overwhelm-the-manipulators-nathan-mcdonald-sprott-money-news
Mining Center Mexico - Breaking News
http://www.mexicominingcenter.com/news/index_original.php?chapter=6469
High Grade Iron Ore Price/Demand is Up!
“The prices of higher quality iron ore are holding strong coming into 2015.
It’s a trend which is causing a little confusion in the market given the spot price of the lower grade product, known in the market as fines, fell throughout 2014 as a result of oversupply and tapering Chinese demand.
But Chinese demand for lump iron ore — the higher quality product — is on the up. It’s largely being driven by tighter environmental controls in the region.”
http://www.businessinsider.com.au/heres-how-chinas-tougher-environmental-policies-are-transforming-australias-iron-ore-market-2015-1
Tonogold Top Ten updated - January 2015!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109641464
Everything U Need to Know on TNGL- October 2014
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107284171
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/
Iron Ore Miner Arrium Is On A Tear!
“Iron ore miner Arrium is on a tear today with stock trading up more than 15% on the ASX.
The miner has been a notable underperformer in recent times and the crashing iron ore price hasn’t helped.
Although speculation iron ore may have found its bottom could be pushing the surging price. A lower Aussie dollar has also probably helped the exporter…..
The miner has been climbing back since the end of 2014 after it got hammered earlier in 2014 when iron ore prices fell off the cliff.”
Here’s the chart:
http://www.businessinsider.com.au/iron-ore-miner-arrium-is-on-a-tear-2015-1
Tonogold Top Ten updated - January 2015!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109641464
Everything U Need to Know on TNGL- October 2014
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107284171
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/
Junior miners start 2015 with a bang!
“Junior miners are enjoying a strong start to 2015 as iron ore price gains help the stocks rebound after commodity equities were hammered in the latter part of last year.
Shares in iron ore miners BC Iron, Atlas Iron and Arrium have exploded out of the blocks in the first week of trading as investors speculate on a possible iron ore price floor.
After falling to a five-year low in December the price of iron ore has steadied above $US70 a tonne -- comfortably above the $US65.70 it reached late last month.
The firming price comes on the back of rumours that China plans to speed up $US1.1 trillion worth of infrastructure projects and restock its iron ore port inventories.
But the appearance of what may be a floor in the commodity price has renewed investor interest in heavily discounted junior stocks.”
http://m.theaustralian.com.au/business/latest/junior-miners-start-2015-with-a-bang/story-e6frg90f-1227178625531?nk=935d84ca1f7d2e299dcdc6434a66e6d3
Tonogold Top Ten updated - January 2015!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109641464
Everything U Need to Know on TNGL- October 2014
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107284171
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/
Where is Tonogold Going?
If you want to know what the plan is at Tonogold just look at what happened at LionOre.
When Tonogold CEO Mark Ashley was at LionOre Mining International (1994 – 2006) he took the company from a 20 million market cap to 6.26 billion; transforming LionOre from a dormant company into the 8th largest nickel producer in the world. The stock started at $0.40 cents and went to $27.50. One thousand dollars invested would have turned into $68,750. That is a 6,875% ROI. http://www.cnbc.com/id/18813361
http://www.24hgold.com/english/infocompany.aspx?id=4801014D5010&market=LIM.TO
On page 19 of the June 23, 2014, Tonogold Annual General Meeting PDF, CEO Mark Ashley has projected the long term TNGL stock price at $2.31. That is based on our goal to produce 15 million tons of iron ore a year. http://www.tonogold.com/i/pdf/AGM-June-23-2014.pdf
Ashley’s projected numbers from our current price of near .085 cents would be a 2,710% Return On Investment (ROI). That would make every $1,000 invested at $0.085 cents turn into $27,174.84.
The numbers from $0.009 cents; where TNGL was when Ashley came on board as CEO, and we are talking a 25,600% ROI. That would make every $1,000 invested at $0.009 turn into $256,664.10.
Ashley is a Fellow Chartered Management Accountant (FCMA). This is equivalent to having an MS degree in Finance from the Chartered Institute of Management Accountancy in London. I would bet that Ashley checked his math before he put those numbers on the PDF.
Consider that these numbers do not count the value that the iron ore drilling program will add to our market cap. They also do not count the value of our Tonopaha Divide property in Nevada. Tonopaha Divide sits next to and is more than twice the size of the Hasbrouck mine which West Kirkland Mining just acquired a 75% interest in for 20 million.
http://www.4-traders.com/WEST-KIRKLAND-MINING-INC-11538217/news/West-Kirkland-Mining--Commences-Exploration-and-Prefeasibility-Study-for-Hasbrouck-Project-Nevada-18537587/
Imagine what your broker account would look like if your TNGL shares were at $2.31 or even much higher? How would those numbers change your life?
IMHO the next 6 to 9 months are going to be very interesting for Tonogold shareholders.
Tonogold’s website: http://www.tonogold.com/s/Home.asp
My Latest Greatest Top 10 on Tonogold for Sept 2014:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105569379
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/
Full Reporting:
The Full Reporting process was started over a year ago. The first press release on this issued was issued on 10/18/2013 http://www.tonogold.com/s/NewsReleases.asp?ReportID=608105&_Type=News-Releases&_Title=Tonogold-Resources-Inc.-Secures-Option-On-Producing-Iron-Ore-Mining-Entity-...
On the November 6, 2013 press release http://www.tonogold.com/s/NewsReleases.asp?ReportID=610323&_Type=News-Releases&_Title=Tonogold-Resources-Inc.-Engages-RM-Corporate-Finance-for-6-Mill-Capital-Rai... TNGL announced “Tonogold also wishes to advise investors that it has appointed Hamilton & Associates Law Group P.A. (Corporate Attorney) to assist the Company in its application to become Reporting Issuer under the Securities Exchange Act of 1934, as amended. Tonogold's objective is to become fully reporting and quoted on the OTC Bulletin Board as soon as possible.”
This is a process that takes some time and money. Rome was not build in a day. We will see this process continued to its completion. Once completed, this will allow the big funds and serious investors to buy TNGL stock.
I believe the Full Reporting process will be completed at about the same time TNGL restarts profitable production, starts a drilling program and announces the acquisition of additional mines. This IMHO will set us up for a perfect storm of events that could cause explosive moves higher in Tonogold stock price. IMHO the current pull back in price is absolutely a buying opportunity.
Tonogold Top Ten updated - January 2015!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109641464
Everything U Need to Know on TNGL- October 2014
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107284171
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/
Iron Ore Kicks off 2015 W/ A Rally!
I asked Santa for a little Iron Ore gift and he has delivered!
http://www.mineweb.com/iron-ore-kicks-off-2015-rally/
As I said before, the value of everything goes up and down in waves. By the time Iron Ore prices rebound significantly, the higher cost producers will be out of the game. Tonogold will be in a great position to significantly profit. And maybe we will be able to buy all of their equipment or even buy the mine assets themselves at fire sale prices?
Everything U Need to Know on TNGL- October 2014
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107284171
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/
Tonogold Top Ten updated - January 2015!
If you pull up a TNGL chart, on its face, it looks like a pink sheet junior mining pump and dump. These are companies that never intend to produce. They own land with some assets in them, that’s it. Some of them are permitted to mine, some have even done some drilling and occasionally you find one with a completed NI 43-101, but most of them have none of that. They are just land with some possibility of containing valuable minerals or metals. Let me tell you just some of the things that separate Tonogold from nearly all of the other pink sheet junior mining stocks.
This is my Tonogold January 2015 Top Ten:
1. TNGL now owns 100% of the Mil-Ler iron ore mine, a mine that has already successfully at a profit, produced and shipped product to China in 2012 & 2013. THIS IS NOT AN EXPLORATION PROJECT. THIS IS A DEBT FREE, PROVEN PRODUCER WITH EQUIPMENT IN PLACE AND READY TO GO.
2. TNGL intends to put the Mil-Ler mine back into profitable production in the first quarter of 2015.
3. Gustavo Mazon, Jordon Moelis, Eddie Sugar, Travis Miller and Mark Ashley!
4. TNGL is debt free and is among the lowest cost producers of iron ore in the world.
5. TNGL is moving forward to acquire additional high quality mining assets to its portfolio. Adding to its market cap and putting upward pressure on its stock price. The Asset Accumulation, Portfolio Building phase at Tonogold is in progress and moving forward!
6. TNGL has already started the process to go to Full Reporting Status and move off of the pink sheets and will soon complete this process.
7. TNGL will further develop its Tonopah Divide gold project in Nevada, USA. The potential at Tonopah Divide with the developments next door at Hasbrouk and the likely explosive move in the precious metals that is coming is so enormous that I don’t even know where to start on this one.
8. TNGL has hired one of the world’s most influential and well known heavy hitters in the resource sector, Eddie Sugar, A man who has literally raised tens of Billions. Sugar is now helping us raise the money to accomplish our goals.
9. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105690042
10. I know this because I stayed at a Holiday Inn Express last night!
Santa Clause is Coming, To Town!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=108947757
Everything U Need to Know on TNGL- October 2014
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107284171
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/
Tonogold is the topic.
The topic on this board is Tonogold (TNGL). Please stay on topic. Personal attacks are not tolerated.
These are the Investorshub rules.
Here are some posts on the Tonogold (TNGL) topic:
http://investorshub.advfn.com/Tonogold-Resources-Inc-TNGL-4288/
Iron Ore Quality Low Iron Ore Prices Q&A
Iron Ore Quality:
Improving the quality of the iron ore during the milling production process is accomplished by adding a wet magnetic separation procedure. This would give us a higher grade iron ore taking us from a 58% to a 61% Fe. That would reduce any penalties on our iron ore, giving us an economically profitable iron ore product.
Adding the wet magnetic separation is easily accomplished. Check out these two short U Tube video’s that show this process in action and how it works:
Team Building, Asset Accumulation, Production, Full Reporting, Promotion…..
This is the team building and asset accumulation phase of Tonogold’s development. Adding The Three Musketeers of Mining, Miller, Mazon & Moelis is proof of the team building! Miller, Mazon & Moelis are all from legendary investment, business and mining families. They do their homework and do not sign on with penny stock pump and dumps. For details of this phenomenal achievement that separates TNGL from every other penny stock on the pink sheets just look here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109243115
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106946490
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109342869
http://www.streetinsider.com/Press+Releases/Tonogold+Appoints+Mr.+Jordan+Moelis+and+Mr.+Gustavo+Mazon+to+Board+of+Directors/9878437.html
The evidence of the asset accumulation is in the fact that Tonogold has now acquired 100% of the Mil-Ler iron ore mine in Sonora, Mexico. Additional evidence of asset accumulation is found in the Financial Statement released Nov 14, 2014 Summary:
1. A Closing Agreement between Miller and Tonogold was
executed on September 26, 2014.
2. Eddie Sugar at EAS is working on TNGL funding to:
A. Restart the Nevmex Mine. PRODUCTION!!! PRODUCTION!!!
PRODUCTION!!!
B. ACQUIRE NEARBY PROPERTIES and…
C. Conduct an Exploratory Drill Program. PROVABLE ASSETS, NI
43-101!!!
3. New Equipment Will Enable Production at 360,000 tpa
(30,000 metric tons per month) by EARLY 2014.
Tonogold has clearly stating (in writing) that they have closed the deal with Miller and now own 100% of the iron ore mine (debt free). And that they are raising money to “ACURIE NEARBY PROPERTIES”. They are adding assets to Tonogold!
The next phase will be the production phase. Which I believe will start in the first quarter of 2015. That is what appears to me to be stated in the financials. Then we will see the full reporting fully independently audited books of Tonogold and a real promotion effort by TNGL management. Remember, nearly 80% of the issued TNGL shares are restricted and for a time cannot be traded. The float on this is so small that once we get through team building, asset accumulation, production, full reporting and then into promotion; we are looking at some very limited supply and potentially huge demand numbers for TNGL stock. The stock price move higher could be explosive.
Tonogold is doing everything they have said in writing that they would do. Everything I put in my Top Ten List is now happening in real time: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106675028
And everything in my “Everything You Need To Know” post is also now happening in real time: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107284171
The stock price is a trailing indicator. The current pullback in price is in my opinion a buying opportunity. Buy low, sell high my friends!
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/
Season’s Greetings from JoeBlow!
FUNDAMENTALS! FUNDAMENTALS! FUNDAMENTALS!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109253768
Team Building Phase!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109249954
Merry Christmas Tonogold Shareholders, things are about to get exciting!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=108874813
Everything U Need to Know on TNGL- October 2014.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107284171
My top ten is happening in real time:
Tonogold Top Ten - October 2014.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106675028
News is imminent. At some point the Tonogold story is going to get out. When that happens the price move will be explosive.
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/
Happy New Year W/ Hasbrouck & Tonopah Divide!
Page 3 of the Northern Miner article on the Hasbrouck gold project states in part:
“811,000 contained oz. gold and 18 million contained oz. silver.”
http://www.wkmining.com/_resources/media_releases/West_Kirkland_brings_new_life_to_Hasbrouck_Three_Hills_REPRINT.pdf
Tonogold Resources has 223% more acres right next door with the same geological terrain.
I’m going to predict that we will find 1.5 million oz. gold and 50 million oz. silver at our Tonopah Divide project. I would like to see TNGL go into a joint venture with West Kirkland to bring both Hasbrouck and Tonopah Divide into production at the same time.
For more details on Hasbrouck and our own Tonopah Divide look here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109120327
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/
Your TNGL Christmas Gift!
FUNDAMENTALS! FUNDAMENTALS! FUNDAMENTALS!
The biggest disappointment with TNGL is the lack of news and the time it has taken to move toward their publicly stated goals. This news blackout and the time factor have caused a pull back in price. But that pull back is a buying opportunity for the Smart Money.
Notice that No One is selling? The Smart Money is accumulating at the lower prices.
Eddie Sugar, the Mazon and Moelis families have legendary reputations. These are among the wealthiest and most influential families in the world of business and investing. They along with Mark Ashley and Travis Miller DO NOT sign on with penny stock pump and dumps. They have professional reputations and careers on the line. You can be assured that they have all done their homework on Tonogold. They are not anonymously posting hate on an internet board while hiding behind their alleged expertise and uninformed innuendos. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106946490
BOTTOM LINE: The Tonogold story has only just begun. Everything that Tonogold has said that they were going to do they have either done or are in the process of doing. Look at the financials: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=108947757
Tonogold is absolutely team building and asset acquiring as I write, it’s written in the financials and in the last few press releases. The next phase, according to the financials is the production phase. That phase is coming in the first quarter of 2015.
News is imminent. At some point the Tonogold story is going to get out. When that happens the price move will be explosive.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105690042
The Fundamentals on TNGL are great. Look for yourself:
Everything U Need to Know on TNGL- October 2014
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107284171
My top ten is happening in real time:
Tonogold Top Ten - October 2014
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106675028
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/
Team Building Phase
This is the team and asset building phase. The production phase will come in the first quarter of 2015. Cry babies should go home to their mommies!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109243115
The Three Musketeers of Mining, Miller, Mazon & Moelis!
Gas Bag and Windbag are prefect nick names for those anonymous haters who are posting on this board. They are either jealous or not experienced enough to understand the immense stature of the Mazon and Moelis families and the impact that it will bring to have them on the Tonogold Board. This indeed takes Tonogold to a new level way beyond every other stock on the pink sheets.
The Mazon and Moelis families are reputable and legendary in the investment/business world. It’s a shame that some anonymous posters are so full of hate that they cannot see the significance of such highly successful and respected families being involved with Tonogold.
If these guys hate the pink sheets so much why are they even here? Why don’t they just sell their shares and go away? They are here because they are envious and jealous about the three bright young up and coming mining stars, Miller, Mazon and Moelis. The future is here and it’s at Tonogold.
If I ever need to ruin a company, drive the stock into the ground, take investors money, dilute, print and give nothing to the investors, I would hire these guys.
None of this is pumping. I am just stating some of the facts. The same haters posting the same rants about TNGL being an empty shell, a stinky pinky or TNGL losing money on every ton of iron ore produced are simply not true. Maybe they think that if they repeat a lie often enough people will believe it? Look at the facts for yourself, do your own Due Diligence. The facts speak for themselves. Tonogold is being set up to make a big move higher and move off the pink sheets.
Gustavo Mazon, Jordon Moelis, Eddie Sugar & TNGL!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106946490
TNGL New Board Announcement 10/1/2014
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106812925
Doing Business in Mexico
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105471947
Falling IO prices hurting Chinese companies (BLOOMBERG)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104224741
TNGL will be among the lowest cost producers in the world at near $52 per ton. The falling prices will actually in some ways help us in our ability to compete in the Worlds IO marketplace.
Tonogold Top Ten - October 2014
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106675028
Everything U Need to Know on TNGL- October 2014
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107284171
Merry Christmas Tonogold shareholders!
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/
Pink Sheets are not for Cry Babies!
Santa Clause Bringing Hasbrouck to Life!
An article from the Northern Miner, Global Mining News.
TONOPAH, NEVADA — There’s a wealth of history in the ground at West Kirkland Mining’s (TSXV: WKM; US-OTC: WKLDF) recently acquired Hasbrouck and Three Hills gold properties in Esmeralda county, Nev., but new ideas are what the company hopes can bring the long-dormant deposits into production.
West Kirkland picked up a 75% interest in the twin projects in early 2014 from Allied Nevada Gold (TSX: ANV; NYSE-MKT: ANV) for US$30 million in cash, and if all goes according to plan, the company is aiming to break ground on mine development in late 2015. After 30 months there is a clause wherein Allied Nevada could sell the remaining 25% for US$10 million, or form a 75–25 joint venture.
Cruising along Nevada’s Highway 95 — 8 km south of the historic town of Tonopah — it’s easy to understand why Hasbrouck has received so much exploration attention over the past 40 years. The project boasts easy access, nearby power lines, and a fairly sizable occurence of oxidized gold mineralization…
To read the entire article, click here: http://www.wkmining.com/
http://www.wkmining.com/_resources/media_releases/West_Kirkland_brings_new_life_to_Hasbrouck_Three_Hills_REPRINT.pdf
Look at the speed at which West Kirkland is preceding toward production at their Hasbrouck Project, right next door to our Tonopah Divide project. It’s too bad that Tonogold does not have the leadership to accomplish the same goals. Also notice the frequency at which West Kirkland puts out news. http://wkmining.com/ Another courtesy that the Tonogold management does not offer to its shareholders.
For more details on the Tonopah Divide project click here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105997719
www.tonogold.com/s/TonopahDivide.asp.
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/
More Good News from Santa
India iron miners halt exports on weak price, higher cost
"The third-biggest iron-ore exporting nation until three years ago didn’t sell 'a single gram' overseas in October and November" - Federation of Indian Mineral Industries.
“More than three-quarters of India’s iron ore mines are lying idle,”
“Mine closures have led to record shortages of iron ore and will probably turn India into a net importer of the material in the year to March 31.”
http://www.mineweb.com/mineweb/content/en/mineweb-base-metals?oid=262093&sn=Detail
Santa Clause is Coming, To Town!
Merry Christmas!
Quarterly Disclosure Statement for Period Ending September 30, 2014.
http://www.otcmarkets.com/financialReportViewer?symbol=TNGL&id=129250
Page 6, the last sentence of the second paragraph:
“A CLOSING AGREEMENT BETWEEN MILLER AND TONOGOLD WAS EXECUTED ON SEPTEMBER 26, 2014.”
Page 6, the third paragraph:
“Tonogold has retained EAS Advisors (Eddie Sugar) acting through Merriman Capital to raise capital through the sale of equity at $.50 per share to provide appropriate funding to RESTART THE NEVMEX MINE, ACQUIRE NEARBY PROPERTIES, and CONDUCT AN EXPLORATORY DRILL PROGRAM.”
Page 6, second paragraph from the bottom:
“Our integration of Mil-Ler will be the primary focus of the company in the coming quarters. The primary product of Mil-Ler’s Nevmex mine is iron ore HAVING THE CAPACITY TO PRODUCE APPROXIMATELY 30,000 METRIC TONES (TONNES) PER MONTH…..
On page 15 of the TNGL power point “Annual Shareholders Meeting June 23rd 2014”. http://www.tonogold.com/i/pdf/AGM-June-23-2014.pdf it states in part: “POTENTIAL TO INCREASE PRODUCTION TO 1mtpa IN MEDIUM TERM (12-18 MONTHS)”
Page 7, the fifth paragraph:
“ Mil-Ler owns its own mining fleet and process facility, which was originally funded from shareholder equity. Toward the end of 2013, Mil-Ler acquired additional mining equipment, funded from cash generated from its operations, THAT WILL ENABLE PRODUCTION TO DOUBLE TO 360,000 TPA OF FINAL IRON ORE PRODUCT IN EARLY 2014.”
Was this a typo that should have read 2015? I Don’t know? But I am speculating that they are going to start production in the first quarter of 2015. I think they have the money already from the private placement capital raising. That is my humble opinion and speculation.
Page 8, the fourth bullet point from the top of the page:
“Mil-Ler made three shipments to China during 2013, totally 80,000WMT of Iron Ore at an average grade of 57% Fe, and received approx. $100 per tonne (gross). COST OF AROUND $61/t INCLUDING MINING, ROAD TRANSPORT TO THE PORT OF GUAYMAS, PORT FEES AND COST OF SHIPPING TO CHINA.”
Page 17 of the Power point “Iron Ore Presentation” on the front page of the Tonogold web site:
http://www.tonogold.com/i/pdf/Presentation_Iron_Ore_2013_10.pdf
Lists the POTENTIAL COSTS PER TONNE OF $51.70. This would occur after some cost saving improvements like shipping the ore to port via rail instead of by truck. The rail lines are (at no cost to TNGL) already in place and literally only 20 meters from the front gate of the Nevmex mine. A picture is worth a thousand words! I encourage you to look at the pictures on page 16 of the Power point “Iron Ore Presentation” on the front page of the Tonogold web site: http://www.tonogold.com/i/pdf/Presentation_Iron_Ore_2013_10.pdf The rail line being so close is a beautiful thing for Tonogold shareholders.
On page 16 of the TNGL power point “Annual Shareholders Meeting June 23rd 2014”. http://www.tonogold.com/i/pdf/AGM-June-23-2014.pdf Mark Ashley states:
• Simple beneficiation process (crush/dry mag separation)
• Producing a 58% Fe product which is high in Sulfer (~0.7%)
• 18% penalty on spot price
• Current Spot price for 58% Fe is ~$75/t ($61/t after
penalty)
• Cost $60/t (incl. shipping)
• Expect to increase production, improve quality of product
and reduce impurities.
• Targeting a 61% Fe (spot price around $81/t)
• reduce penalties to ~12% (revenue of $71/t).
Improving the quality and of production by reducing the impurities in the iron ore would be done by adding a wet magnetic separation process. Adding the wet magnetic separation is easily accomplished. Check out these two short U Tube video’s that show this process in action and how it works:
Joe Blow News Wire: BREAKING NEWS!!!!
Merry Christmas Tonogold Shareholders, things are about to get exciting!
I am getting closer to my “I Told You So” moment. Tonogold is doing everything they said they would do. Everything I said in my Top Ten List: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106675028 and everything I said in my “Everything You Need To Know” post are now happening in real time:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107284171
The stock price and market cap are just trailing indicators.
........ …….. …….. …….. …….. …….. …….. ……..
Financial Statement released Nov 14, 2014 Summary:
1. A Closing Agreement between Miller and Tonogold was
executed on September 26, 2014.
2. Eddie Sugar at EAS is working on TNGL funding to:
A. Restart the Nevmex Mine. PRODUCTION!!! PRODUCTION!!!
PRODUCTION!!!
B. Acquire Nearby Properties and… UPWARD BOUND MARKET CAP &
STOCK PRICE!!!
C. Conduct an Exploratory Drill Program. PROVABLE ASSETS, NI
43-101!!!
3. New Equipment Will Enable Production at 360,000 tpa
(30,000 metric tons per month) by EARLY 2014.
I THINK THAT THE PRIVATE PLACEMENT MONEY IS IN AND PRODUCTION IS IMMENENT. IMHO TONOGOLD IS ABOUT TO BECOME A PRODUCTING AND PROFITABLE MINING COMPANY.
Here is a video showing the last known recording of the iron ore being processed.
Tonopah Divide Update
West Kirkland Submits Mine Plan Of Operations For Three Hills Mine Seven Months After Acquistion Of Hasbrouck Project
“VANCOUVER, BRITISH COLUMBIA, November 25, 2014 – West Kirkland Mining Inc. (WKM:TSXV) today announces it has submitted a Mine Plan of Operations to the Bureau of Land Management (BLM) and the Nevada Department of Environmental Protection (NDEP) and made application for a Nevada Reclamation Permit for its proposed Three Hills mine only seven months after acquiring the asset. Three Hills is planned for the first phase of production of the Hasbrouck Project, located near Tonopah, Nevada. ……”
Click the link to read more from the West Kirkland web site:
http://wkmining.com/news_releases/index.php?&content_id=174
Look at the speed at which West Kirkland is preceding toward production at their Hasbrouck Project, right next door to our Tonopah Divide project. It’s too bad that Tonogold does not have the leadership to accomplish the same goals. Also notice the frequency at which West Kirkland puts out news. http://wkmining.com/ Another courtesy that the Tonogold leadership does not offer to its shareholders.
For more details on the Tonopah Divide project click here:
http://investorshub.advfn.com/boardsread_msg.aspx?message_id=105997719
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/
TNGL Filings/8K
The latest filings/8K for Tonogold can be seen on this link to the web site OTC Markets.com: http://www.otcmarkets.com/stock/TNGL/filings. The filings for the period ending June 30, 2014 are also available on the Tonogold web site. Go to this link: http://www.tonogold.com/s/Home.asp, click on the “Investors” tab, then click on “Financial Statements” and you will find the June 30, 2014 filings/8K at the top of the list.
As of November 2, 2014 and not including this post, there have been seven posts on this board announcing the most recent filings/8K’s and giving links for confirmation. Three stand alone posts and four posts with links to the three stand alone posts.
Here are the links to the I Hubb board posts about the TNGL filings/8K:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107525035
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107525035
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107415417
http://investorshub.advfn.com/boards/Profile.aspx?user=478013
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107545580
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107430150
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107342770
The TNGL filings can be seen here at the OTC Markets web site:
The Quarterly Disclosure Statement for Period Ending June 30, 2014: http://www.otcmarkets.com/financialReportViewer?symbol=TNGL&id=124998
For the Six months ended June 30, 2014 and 2013: http://www.otcmarkets.com/financialReportViewer?symbol=TNGL&id=124997
My Tonogold Top Ten - October 2014 is being proven correct in real time. As a matter of fact we can now cross of numbers one and two on my Top Ten List. Tonogold is just moving down the list. See for yourself:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106675028
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/
1,000,000,000 Tons of Iron Ore!
My sources tell me that we will see ONE BILLION TONS of Iron Ore in Tonogold owned mines by Q4 2016. Drills are on the move. I have been correct in the past. Mark my words, I will be proven correct again.
My Tonogold Top Ten - October 2014 is being proven correct in real time. As a matter of fact we can now cross of numbers one and two on my Top Ten List. Tonogold is just moving down the list. See for yourself:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106675028
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/
Port and Rail Facilities
The Industrial Deep Water Port facilities at Guaymas, is only 180 km away from the TNGL iron ore mine and is currently being expanded. Guamas is known as the “fastest growing seaport in Mexico”:
http://www.dredgingtoday.com/2014/06/26/amc-plenary-highlights-investment-in-mexican-sea-port-expansion/
The API - Guaymas Port Expansion - Sonora - Construction Project Profile contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts. http://www.marketresearch.com/World-Market-Intelligence-v3764/API-Guaymas-Port-Expansion-Sonora-7298254/
http://www.bnamericas.com/news/infrastructure/first-phase-of-guaymas-port-expansion-to-be-tendered-in-march1
http://azstarnet.com/business/local/port-of-guaymas-set-to-double-its-capacity-seeks-arizona/article_16947664-811b-56eb-b67a-abf186bac8c7.html
http://www.sandandgravel.com/news/article.asp?v1=12244
http://www.sourcewatch.org/index.php/Port_of_Guaymas
“The Fastest Growing Seaport in Mexico” http://azstarnet.com/business/local/port-of-guaymas-set-to-expand/article_1faea8eb-20bf-5fa3-b22c-95d98727a374.html
Look at the October 18, 2013 PDF on page 15 and you can see a picture of the train. The tracks are literally a few feet from the iron ore property. http://www.tonogold.com/i/pdf/Presentation_Iron_Ore_2013_10.pdf Once we set this up we will be able to load ore onto the train right from our property. That ore will then go directly the 180 km to the port facilities at Guaymas. THE RAIL LINE IS ALREADY IN PLACE. THE PORT FACILITIES AT GUAYMAS ARE ALREADY IN PLACE AND ARE BEING EXPANDED WITH A MULTI-MILLION DOLLAR PROGRAM. ALL OF THIS IS AT NO COST TO TONOGOLD. IT REALLY DOES NOT GET BETTER THAN THAT.
My Tonogold Top Ten - October 2014 is being proven correct in real time. As a matter of fact we can now cross of numbers one and two on my Top Ten List. Tonogold is just moving down the list. See for yourself:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106675028
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/
Filings, 8K and Everything U Need to Know
#Tonogold
Filings: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107415417
Everything you need to know about TNGL, the details (Updated October 2014): http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107284171
My Tonogold Top Ten (Updated October 2014): http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106675028
Q & A: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107317768
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/
Hasbrouck Drilling Update
#Tonogold
This update is on the Hasbrouck mine drilling program. Tonogold’s 6,700 Acre Tonopah Divide project is next door to the Hasbrouck 3,000 Acre mine and has the same type of geological terrain in an area that is historically proven to be high yielding in gold and silver assets. The Hasbrouck mine was previously owned by Allied Nevada. I have the “Technical Report” that Allied Nevada did on Hasbrouck dated April 11, 2012. That report states that there are “Inferred mineral resources of 1.2 million ounces of contained gold and 29.3 million ounces of contained silver…” contained in the Hasbrouck mine.
Here is a link to one of my posts where I discussed these mines in more detail: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105997719
We can infer that the results from the Hasbrouck mine may be related to our Tonapah Divide project. I think these two projects are an obvious candidate for a joint venture between Tonogold and West Kirkland.
Personally I am very bullish on gold and silver. James Rickards, author of “The Death of Money” predicts that gold will go to between $6,993 and $44,552 an ounce, based on the money supply numbers. Richards talks about these numbers at 40:45 on the following link. At 41:21 he shows a very interesting chart. https://www.youtube.com/watch?v=h-hg4_5d0WI
Anyone can go on the West Kirkland web site and sign up for free updates. http://wkmining.com/ The below update arrived in my e mail in box this morning (Wednesday 10/22/14). I copied and passed it below. This is very good news for Tonogold shareholders.
WEST KIRKLAND CONTINUES EXPLORATION DRILLING AT HASBROUCK PROJECT
AFTER INITIAL RESULTS SHOW POTENTIAL FOR RESOURCE EXPANSION
VANCOUVER, BRITISH COLUMBIA, October 22, 2014 – West Kirkland Mining Inc. (WKM:TSXV) announces today the commencement of a 1,400 meter RC exploration drilling program at its Hasbrouck Project in Esmeralda County, Nevada.
The program is designed to follow up on the successes of the first phase of drilling announced Sept 9, 2014. Previously disclosed highlights of that drilling include TH14R-004 which cut 50.29 meters of 0.73 grams per tonne (g/t) gold (Au) at Three Hills, as well as the discovery of near surface mineralization at the Hasbrouck deposit. The second phase of exploration will focus on adding near-pit resources at both deposits.
Five holes totaling 700 meters will be drilled at Three Hills. Three holes will target shallow portions of a key structural intersection. Previous holes into this target area have returned significant results including 50.29 meters of 0.73 g/t Au and 66.0 meters grading 3.33 g/t Au.
Two holes will be drilled at a second target at Three Hills where a similar structural intersection has been noted 150 meters to the south. Drilling in the area by a previous owner cut 21.34 meters of 0.83 g/t Au.
Four holes totaling 700 meters will be drilled on the underexplored northeast flank of Hasbrouck Peak. Drilling at this location in August 2014 returned 0.66 g/t Au over 4.57 meters at shallow depths and within 100 meters of the conceptual pit rim. Planned holes will target mineralized structures in thicker portions of the favourable stratigraphy.
About the WKM Hasbrouck Project
The Hasbrouck Project consists of two oxidized gold-silver deposits located eight kilometers from each other with a combined measured and indicated mineral resource of 1,279,000 ounces AuEq (78.2 million tons at 0.016 opt AuEq) and 761,000 ounces AuEq inferred (69.9 million tons at 0.011 opt AuEq) using a cutoff of 0.005 opt AuEq. (AuEq calculated AuEq=Au+(Ag/57.14); Scott E. Wilson, Feb 21, 2014; please refer to the Company’s February 24, 2014 news release.)*
Both deposits have at-surface and near-surface mineralization with the potential for open pit mining at low overall stripping ratios and with minimal pre-stripping.
West Kirkland’s independent consultants, Mine Development Associates, are on track to complete a prefeasibility study on the project by the first quarter of 2015. Work on obtaining construction permits for the Three Hills deposit is well advanced with submission of a plan of operation to the Bureau of Land Management (BLM) targeted for Q4, 2014.
Qualified Persons
*Resource estimates were disclosed in a Technical Report dated February 21, 2014 titled “Technical Report for the Hasbrouck Project Esmeralda County, Nevada, USA, West Kirkland Mining Inc.” authored by Scott E. Wilson, C.P.G., and filed under the Company profile on SEDAR at www.sedar.com. Mr. Scott E. Wilson, AIPG Certified Professional Geologist, is WKM’s independent Qualified Person as defined under NI 43-101. Mr. Wilson has reviewed and verified the data disclosed to be in conformity with generally accepted CIM “Estimation of Mineral Resource and Mineral Reserves Best Practices” guidelines and in accordance with NI 43-101.
Michael G. Allen, Vice President of Exploration for West Kirkland, and a non-independent Qualified Person as defined by NI 43-101, has reviewed the information contained in this news release and has verified the data.
Quality Assurance/Quality Control
West Kirkland Mining utilizes a well-documented system of inserting blanks and standards into the assay stream and has a strict chain of custody. Assays are completed at independent labs, which also have internal quality assurance and quality control mechanisms. Assays were performed by ALS Chemex Labs Ltd., by fire assay and ICP methods.
About West Kirkland Mining Inc.
West Kirkland was formed in 2010 to focus on gold exploration along major geological trends in North America. The Company has consolidated significant mineral rights positions within the known gold trends of Nevada and Utah, including the recently acquired the Hasbrouck and Three Hills properties in southwestern Nevada. The founders and Board members of West Kirkland have successful experience in gold discovery, mine development and mine operations in Nevada and other gold producing jurisdictions in North America.
For more information, contact:
West Kirkland Mining Inc.
R. Michael Jones or Knox Henderson at (604) 685-8311
Disclaimer for Forward-Looking Information
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: “believe”, “expect”, “anticipate”, “intend”, “estimate”, “postulate” and similar expressions, or are those, which, by their nature, refer to future events. Forward-looking information in this news release includes, without limitation, the completion of the Prefeasibility Study, the project approach of the Prefeasibility Study and exploration and all information under the heading “Prefeasibility Study Detail”, including the Prefeasibility Study budget. Although West Kirkland believes that such timing and expenses as set out in this press release are reasonable, it can give no assurance that such expectations and estimates will prove to be correct. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors, including, but not limited to, the state of the financial markets for the Company's equity securities, the state of the market for gold or other minerals that may be produced generally, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's ability to obtain any necessary permits, consents or authorizations required for its activities, to raise the necessary capital or to be fully able to implement its business strategies and other risks associated with the exploration and development of mineral properties. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.
Cautionary Note to U.S. Investors Regarding the Use of Mining Terms
This press release has been prepared in accordance with the securities laws in effect in Canada, which differ from the requirements of U.S. securities laws. Unless otherwise indicated, all resource and reserve estimates included in this press release have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and the Canadian Institute of Mining, Metallurgy, and Petroleum Definition Standards on Mineral Resources and Mineral Reserves. NI 43-101 is a rule developed by the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Canadian standards, including NI 43-101, differ significantly from the requirements of the U.S. Securities and Exchange Commission (the “SEC”), and resource and reserve information contained therein may not be comparable to similar information disclosed by U.S. companies. In particular, and without limiting the generality of the foregoing, the term “resource” does not equate to the term “reserves”. Under U.S. standards, mineralization may not be classified as a “reserve” unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. The SEC’s disclosure standards normally do not permit the inclusion of information concerning “measured mineral resources”, “indicated mineral resources” or “inferred mineral resources” or other descriptions of the amount of mineralization in mineral deposits that do not constitute “reserves” by U.S. standards in documents filed with the SEC. U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. U.S. investors should also understand that “inferred mineral resources” have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an “inferred mineral resource” will ever be upgraded to a higher category. Under Canadian rules, estimated “inferred mineral resources” may not form the basis of feasibility or pre-feasibility studies except in rare cases. Investors are cautioned not to assume that all or any part of an “inferred mineral resource” exists or is economically or legally mineable. Disclosure of “contained ounces” in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in-place tonnage and grade without reference to unit measures. The requirements of NI 43-101 for identification of “reserves” are also not the same as those of the SEC, and reserves reported by the Company in compliance with NI 43-101 may not qualify as “reserves” under SEC standards. In addition, under SEC standards, a company may only be identified as “development” stage if it has established “reserves” by SEC standards and is engaged in the preparation of such reserves for extraction. Accordingly, information concerning mineral deposits set forth in this press release may not be comparable with information made public by companies that report in accordance with U.S. standards.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
My Tonogold Top Ten - October 2014 is being proven correct in real time. As a matter of fact we can now cross of numbers one and two on my Top Ten List. Tonogold is just moving down the list. See for yourself:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106675028
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/
TNGL Filings – 8K
Here are the links to the latest TNGL filings.
Quarter ending June 30 2014:
http://www.otcmarkets.com/financialReportViewer?symbol=TNGL&id=124998
For the six months ended June 30 2014 and 2013:
http://www.otcmarkets.com/financialReportViewer?symbol=TNGL&id=124997
TNGL is doing everything they have publically said that they intended to do. All of their goals are being accomplished in real time. As a matter of fact, things are working out much better than planned. Examples are plentiful with the iron ore deal going from 34% to 100% TNGL ownership; and the appointment of Jordan Moelis and Gustavo Mazon to the TNGL Board. We could also point to the involvement of Eddie Sugar in TNGL as another example of things going better than planned. These events are monumental for TNGL. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107360177
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106946490
Summary of the Filings:
Quarter ending June 30 2014:
http://www.otcmarkets.com/financialReportViewer?symbol=TNGL&id=124998
• Page 5, “…in June 2013 we hired a new CEO and shifted our business strategy to focus on acquiring and developing producing and near producing mining assets that we felt were undervalued or had growth potential.”
THIS IS THE PLAN!!! Just like what happened at LionOre (1994-2006) were they went from a 20 million market cap to 6.26 billion; transforming LionOre from a dormant company into the 8th largest nickel producer in the world and attracting a lucrative buyout from Russian based Norilsk. The stock started at $0.40 cents and went to $27.50. When the company was sold it was valued at 6.26 billion. One thousand dollars invested would have turned into $68,750. That is a 6,875% ROI.
http://www.cnbc.com/id/18813361
• Page 6, “On May 8, 2014, Tonogold and Mil-Ler shareholders agreed to merge 100% of Mil-Ler into Tonogold in a non-cash transaction for the issue of 541 million RESTRICTED shares in Tonogold…..” The word “RESTRICTED” is emphasized here by me. Look at my post “Everything U Need to Know on TNGL-October 2014” were I talk about “Total Shares Available for Trading-The Float.” Quoting myself here: “….The total number of new restricted shares will be 82.1 million. That means that 79.8 percent of the total shares issued will not be available for trading. Only 20.7 million shares or 20.2 % of the total issued stock will be available for trading. The tradable float on TNGL is incredible small.” http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107284171
• Page 6, EAS Advisors and Eddie Sugar: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106691351
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103956570
• Page 6, “…The primary product of Mil-Ler’s Nevmex mine is iron ore having the capacity to produce approximately 30,000 metric tones (tones) per month….”
• Page 7, “…Exploration drilling over a small area of the total claims during 2011 confirmed the presence of economic iron ore mineralization.”
• Page 7, “…Mi-Ler acquired additional mining equipment, funded from cash generated from its operations, that will enable production to double to 360,000 tpa of final iron ore product in early 2014.”
• Page 7, “Equity 4.1 million.”
• Page 8, “Mil-Ler is debt free.”
• Page 8, “Having recently increased its mining fleet, mining activities will focus on advance pre-strip in preparation for mining sustain a production rate supporting the planned 360,000 tonnes per annum of final iron ore product.
• Page 8, Tonopah Divide. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105997719
For the six months ended June 30 2014 and 2013:
http://www.otcmarkets.com/financialReportViewer?symbol=TNGL&id=124997
• Page 4, “Weighted average number of Common shares outstanding, basic and fully diluted for the six months ending June 30, 1014, 190,148,612….”
• Page 9, “The Company had available approximately $10,578,000 at June 30, 2014 and $10,104,000 at December 31, 2013 of unused Federal and California net operating loss carry-forwards that may be applied against future taxable income….”
Let me point out that these filings are as of June 30, 2014. I am writing this on October 21, 2014 and nearly four months of ongoing and significant progress has taken place since the filings. As an example look at the 10/1/2014 TNGL news release regarding the appointment of Gustavo Mazon and Jordon Moelis to the Board of Directors. http://www.tonogold.com/s/NewsReleases.asp?ReportID=676932&_Type=News-Releases&_Title=Tonogold-Appoints-Mr.-Jordan-Moelis-and-Mr.-Gustavo-Mazon-to-Board-of-Direc...
More great news will be coming soon. Price is a lagging indicator because most people are a “Doubting Thomas”. They will not believe it until the news comes out and they see it in the stock price. At that point the major profits have already been made by those who understood the fundamentals, saw the vision, and purchased the stock. Those of us with positions in Tonogold will be in the money. For the doom & gloom haters who short the stock, or don’t buy a position, good luck, please study here: http://www.mademan.com/mm/how-field-dress-squirrel.html
My Tonogold Top Ten - October 2014 is being proven correct in real time. As a matter of fact we can now cross off numbers one and two on my Top Ten List. Tonogold is just moving down the list. See for yourself: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106675028
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/
TNGL Short Report
http://www.otcmarkets.com/stock/TNGL/short-sales
Booming Business & Trade in Mexico!
• Latin America - Tearing Down Trade Barriers. The aim: to turn Latin America’s Pacific Rim states into an economic club following the spirit of the European Union.
http://www.ozy.com/fast-forward/pacific-alliance-latin-american-trade-group/33714.article?utm_content=buffereb56f&utm_medium=social&utm_source=linkedin.com&utm_campaign=buffer
• Mexico Leading the Change Process in Latin America. “The head of Mexico recalled his administration's reforms. They relate to almost all spheres of life in Mexican society – from the reform in the energy sector to the financial sector…” http://en.ria.ru/world/20140922/193159825/Enrique-Pena-Nieto-Mexico-Ready-to-Lead-Change-Processes-in.html
• Pacific Alliance, Mexico, Chili, Colombia and Peru, 214 million people with a combined GDP of 2.1 trillion, 37% of Latin America’s total GDP, averaging a 5.1 percent annual growth rate over the past four years. Foreign trade of more than $1.13 trillion and 45 percent of total foreign investment flows in Latin America. The elimination of tariffs for 92% of products with the remaining 8% being phased out over time. More than 750 companies with a combined market value of 1.1 trillion. Thirty two other countries observing the Pacific Alliance. “We will continue to work together, as partners, to fulfill our common goals and to deepen and extend our vision, for the benefit of our nations.” http://www.bloombergview.com/articles/2014-09-21/chile-colombia-mexico-peru-better-together
• Investing in Mexico May Be 100 Year Opportunity.
http://moneymorning.com/2013/03/18/investing-in-mexico-may-be-a-100-year-opportunity/
• Mexican Mining Surge, Defying the Global Mining Slump. http://www.bloomberg.com/news/2014-10-14/autlan-steel-alloy-surge-defying-global-mining-slump.html
• Mexico mining report. http://www.reportlinker.com/p0887779/Mexico-Mining-Report-Q3.html
• Mexico mining news. http://resourceworld.com/?s=Mexico+mining&x=0&y=0
• Mexico Sitting on a Fortune in Metals. http://www.businessinsider.com/15-resource-rich-countries-2010-4?op=1
• Mexico’s and Brazils Auto Industries Couldn’t Be More Different Right Now: “Mexico a "stellar export platform.”
http://www.businessinsider.com/mexicos-and-brazils-auto-industries-couldnt-be-more-different-right-now-2014-8
• Ford Investing 1.3B in Mexican Plant that Builds Fusion, FKZ.
http://www.autoblog.com/2012/04/02/ford-investing-1-3b-in-mexican-plant-that-builds-fusion-mkz/
• Investing in Mexico, Profit From This New Manufacturing Superpower.
http://www.investmentu.com/article/detail/29706/investing-in-mexico#.U_PfrWPEfjI
• Coca Cola to Maintain 1 billion a Year Investment in Mexico.
http://www.reuters.com/article/2014/07/17/us-mexico-coca-cola-idUSKBN0FM02720140717?feedType=RSS&feedName=businessNews
• ExxonMobil, Chevron and Other US Companies Considering Investing in Mexico Oil.
http://www.latinpost.com/articles/19479/20140818/exxonmobil-chevron-companies-considering-investing-mexico-oil.htm
• Mexico Puts Out The Welcome Mat to Big Oil.
http://money.cnn.com/2014/08/14/investing/mexico-energy-reform/
• Mexico taking Historic Steps to Open its Energy Sector. http://www.businessinsider.com/mexico-oil-industry-reform-2014-8
• Mexico Cracks Down on Cartels, Launches Special Police Force to Protect Commerce. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105634472
• AT&T Prowling for more Latin American Deals After Direct TV, particularly in Mexico….http://www.bloomberg.com/news/2014-10-08/at-t-prowling-for-more-latin-america-deals-after-directv-tech.html
• Cooperation Blooming Between Mexico and Arizona. http://www.azcentral.com/story/money/business/2014/10/11/mexico-arizona-cooperation-gets-turn/17130517/
• Gustavo Mazon is added to the Board of Directors of Tonogold (TNGL). Gustavo is the son of Ricardo Mazon who is a Billionaire Mexican business Tycoon. This is one of the wealthiest and most influential families in Mexico. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106946490
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107360177
It looks to me like Tonogold is way ahead of the curve on the booming trade and business opportunities that Mexico is currently offering to investors. Bringing in Gustavo Mazon, one of the wealthiest and most powerful families in Mexico, on the Board of Directors of Tonogold is a brilliant move. This is just mind bogglingly good news for Tonogold shareholders.
This information is for professional investors, fund managers and future qualified investors like Gustavo Mazon, Jordon Moelis and Eddie Sugar who understand the due diligence process of investing in Mexico.
My Tonogold Top Ten - October 2014 is being proven correct in real time. As a matter of fact we can now cross of numbers one and two on my Top Ten List. Tonogold is just moving down the list. See for yourself:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106675028
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/
Questions & Answers
We know that there are significant iron ore assets in the mine because it has already produced with three shipments to China in 2013. The Chinese have already purchase iron ore from the Mil-ler mining operation. Saying that it is unproven dirt is ridiculous.
We also know that there are significant iron ore assets in the ground from the preliminary magnetic studies; which are clearly shown in the anomalies that have repeatedly been shown in TNGL press announcement and power points. We also know that there are significant iron ore assets because every mining professional that visits the mine, reports back with endorsements, Gustavo Mazon and Jordon Moelis to name a few.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106946490
See Eddie Sugars endorsement here:
http://www.tonogold.com/s/NewsReleases.asp?ReportID=652171&_Type=News-Releases&_Title=Tonogold-To-Acquire-100-Of-Iron-Ore-Project-Mexico
A detailed drilling program is still essential and is planned to start immediately once the private placement money is in. Three drills working 24/7, 375 holes, over 56,000 meters of drilling on just the largest anomaly, at a cost of 4.5 million with a 9 month completion target date. See page 17 of the Tonogold power point http://www.tonogold.com/i/pdf/AGM-June-23-2014.pdf This is a big drilling program, considering all of those holes are going into just the one large anomaly circled in yellow on page 17 of the above linked power point.
In regards to the iron ore purity, on page 16 of the Tonogold power point it states in part “Expect to increase production, improve quality of product and reduce impurities.” Improving the purity by removing the Sulfur is a simple process that is added in the milling. When TNGL ramps up production they will also improve the quality/purity of the iron ore to a 61% Fe target, as it clearly states on page 16 of the Tonogold power point. http://www.tonogold.com/i/pdf/AGM-June-23-2014.pdf
For more details on Tonogold and their iron ore mine go here: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107284171
My Tonogold Top Ten - October 2014 is being proven correct in real time. As a matter of fact we can now cross of numbers one and two on my Top Ten List. Tonogold is just moving down the list. See for yourself:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106675028
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/
Everything U Need to Know on TNGL- October 2014
Penny stocks all seem to have grand stories but most of them never produce or even intend to produce anything. Producing is actually a cardinal sin and the last thing many penny stocks want to do. This is why so many penny stocks are labeled as pump and dumps.
Let me tell you about a penny stock that is the opposite of a non producing pump and dump. I believe this penny stock is about to explode in growth and become a dollar stock.
Tonogold has excellent management with a proven and very stellar track record (6,875 % ROI). They have been endorsed by some of the biggest names in the resource sector. Tonogold recently purchased 100% of one of the largest iron ore mines in the world. This mine went into production last year. They are completing a 14 million private placement capital raising. Tonogold intends to use the money to expand production and complete an extensive drilling program. Tonogold is looking at purchasing other mining assets. Tonogold is in the process of going to full reporting status with the S.E.C. TNGL intends to move off of the pink sheets and go onto a higher exchange. TNGL recently completed a ten to one reverse split to help accomplish this goal. Tonogold owns a gold and silver project in Nevada, 72% of which TNGL acquired for free. A 75% interest in a smaller mine right next door to this TNGL mine was recently purchased for 20 million. Once the TNGL 14 million private placement capital raising is closed there will only be 20.7 million shares or 20.2% of the total shares available for trading.
Check out this short video that will introduce you to the Tonogold iron ore mine. Read the description below the video. You will plainly see that this mine is the opposite of a pump and dump. https://www.youtube.com/watch?v=ueaYe54jrrI
For more details on why I own Tonogold (TNGL) please read further:
(9/19/14 bid .31 cents, ask 40 cents, Market Cap 8m) http://www.tonogold.com/s/Home.asp
Tonogold – Management:
• Tonogold CEO Mark Ashley held positions at LionOre (1994 - 2006) as CEO and Executive Director/CFO. During this time LionOre stock rose from 40 cents to $27.50. LionOre started as a dormant company and was transformed into the 8th largest nickel producer in the world. A 20 million dollar starting market cap turned into over 6 billion when LionOre was sold in an all cash deal to Russian based Norilsk. One thousand dollars invested at forty cents turned into $68,750. That is a 6,875% ROI.
http://www.cnbc.com/id/18813361
http://www.24hgold.com/english/infocompany.aspx?id=4801014D5010&market=LIM.TO
TNGL Endorsements:
New Board appointments Gustavo Mazon and Jordan Moelis.
• Gustavo Mazon is the son of Ricardo Mazon. Ricardo Mazon is a Billionaire Mexican business Tycoon and philanthropist. We are talking about one of the wealthiest and most influential families in Mexico. http://www.wikifolks.org/wiki/index.php/Ricardo_Mazon
• Jordan Moelis is the son of Kenneth Moelis http://en.wikipedia.org/wiki/Ken_Moelis founder, chair and major shareholder in Moelis Co. (recently listed on NYSE with a market cap of $1.7 billion).
http://topics.wsj.com/person/m/kenneth-d-moelis/358
https://en.wikipedia.org/wiki/Moelis_%26_Company
https://www.youtube.com/watch?v=Q2pOQPA8igo
https://www.youtube.com/watch?v=lVzUBDOFE-g
http://uk.reuters.com/article/2014/03/04/moelis-ipo-idUKL3N0M14LD20140304
• Eddie Sugar at EAS is now working with Tonogold. http://www.easadvisors.com/
• Eddie Sugar has completed tens of billions in deals and was one of the instrumental backers of Andrew Forest when he started Fortescue metals back in 2003. Fortescue Metals Group is an Australian based company that came from nowhere in 2003 and is now ranked as the 4th largest iron ore producer in the world, with a market cap of 11 billion (9/18/2014). Andrew Forrest is number 308 on the Forbes Billionaire list with an estimated worth of 5 billion. At one time Forrest was the wealthiest man in Australia. Forrest’s wealth was built on iron ore sales to China.
For a really inspiring look at how Andrew Forest started Fortescue Metals check out the Fortescue Metals Group (FMG) Story: “Never, Ever Give Up”: This is a little long at near 58 minutes but is a truly awesome video.
https://www.youtube.com/watch?v=t9A3ribtheA
For a shorter inspirational look at the Fortescue 2013 corporate video: https://www.youtube.com/watch?v=tifXGhakrFg 3 min, 43 seconds.
More on Eddie Sugar and EAS:
http://www.easadvisors.com/
http://investing.businessweek.com/research/stocks/people/person.asp?personId=118598545&ticker=WTG:CN
http://www.afr.com/p/business/companies/early_fortescue_backer_sets_sights_3bttqjyIyH4EOTGQI2ienN
http://m.theaustralian.com.au/business/mining-energy/twiggy-backer-pumps-funds-into-lng/story-e6frg9df-1226779250468#mm-premium
In a May 8, 2014 TNGL press release Eddie Sugar stated: “Mr. Eddie Sugar (the principle of EAS) said, "Although we were initially skeptical about the investment given the recent publicity in Mexico regarding iron ore, we were very pleasantly surprised to subsequently find a situation almost completely opposite of what we expected. Not only are the Mil-ler and Tonogold teams extremely professional and experienced, our understanding of Mexican iron ore and our skepticism were completely unfounded. We found the state of Sonora to be an extremely friendly place for mining and the supporting infrastructure to be of great quality, which even producers and developers in Australia and America would envy. We are very excited to be part of Tonogold's future and believe they are well on their way to creating a considerable business with a combination of characteristics that are rare in iron ore; strong cash flow generation off of a very small capital expenditure base with the added benefit of very significant production growth potential." http://www.tonogold.com/s/NewsReleases.asp?ReportID=652171&_Type=News-Releases&_Title=Tonogold-To-Acquire-100-Of-Iron-Ore-Project-Mexico
We now have some very serious heavy hitters working with and endorsing Tonogold. This is literally mind bogglingly good news for TNGL; just way beyond expectations!
Tonogold - Iron Ore:
• How Iron Ore Makes Steal. (Due Diligence)
https://www.youtube.com/watch?v=i6BIyQJZdTg
Tonogold iron ore PDF’s:
PDF One: http://www.tonogold.com/i/pdf/Presentation_Iron_Ore_2013_10.pdf
PDF Two: http://www.tonogold.com/i/pdf/AGM-June-23-2014.pdf
• TNGL now owns 100% of one of the largest iron ore mining projects in the world, at approximately 135 square miles. This mine went into production with three shipments of iron ore to China in 2013. https://www.youtube.com/watch?v=ueaYe54jrrI
• According to Google, the world’s largest Open Pit Iron Ore mine is in Northern Minnesota called "Grand Canyon of the North". It is 3 miles long by 2 miles wide and 540 feet deep. http://www.roadtripamerica.com/roadside/Minnesota-Hibbing-Hull-Rust-Mine.htm Compare that to the anomalies on the map of the Tonogold iron ore mine that is found on page 17 of the “PDF One” link above. Also look at the description of the TNGL iron ore mine found on this TNGL press release: http://www.tonogold.com/s/NewsReleases.asp?ReportID=626285&_Type=News-Releases&_Title=Tonogold-Resources-Secures-Option-to-Acquire-51-of-Mil-Ler-Resources-and-En... I believe that the two mines are comparable. Consider that at its peak in the early 1940’s, the Grand Canyon mine was providing nearly a quarter of all U.S. mined iron ore. I think this illustrates the world class asset potential that is found in the Tonogold iron ore mine.
• Tonogold is in the process of completing a 14 million private placement capital raising. I believe the news on this is due out at any time.
• Once the private placement money is in, Tonogold will immediately start their drilling program. This drilling program is part of a larger Resource Report and a 43-101 that is being done to prove up the amount of resources in the ground. Three drills working 24/7, 375 holes, over 56,000 meters of drilling on just the largest anomaly, at a cost of 4.5 million with a 9 month completion target date. See page 17 of the Tonogold “PDF Two”: http://www.tonogold.com/i/pdf/AGM-June-23-2014.pdf This is a big drilling program, considering all of those holes are going into just the one large anomaly circled in yellow on page 17 of “PDF Two.” I believe we will are likely going to see hundreds of millions of tons of iron ore, if not much more. Enough iron ore to catapult this project into a World Class Producer.
• Once the private placement money is in Tonogold will start moving toward a production goal of 15 million tons of iron ore per annum, at a production cost of an estimated $55.24 per ton. See page 19 of PDF Two: http://www.tonogold.com/i/pdf/AGM-June-23-2014.pdf
Infrastructure:
• The TNGL iron ore mine is connected to a well maintained sealed highway. The Industrial Deep Water Port facilities at Guaymas, are only 180 km away and are currently being expanded at no cost to Tonogold. Guaymas is known as the “fastest growing seaport in Mexico”:
http://www.dredgingtoday.com/2014/06/26/amc-plenary-highlights-investment-in-mexican-sea-port-expansion/
The mine already has water and power in place. There is a rail line literally just a few meters from the mine’s entrance. To get this in perspective look at the photos in “PDF One,” page 16. http://www.tonogold.com/i/pdf/Presentation_Iron_Ore_2013_10.pdf The truck in the top photo is parked at the mines main entrance. The idling train is literally only a few meters away. In the bottom photo you can see power and water already in place near the main entrance to the mine. You can also see the infrastructure in this video link at 2 minutes 14 seconds: https://www.youtube.com/watch?v=ueaYe54jrrI
This mine is only 40 kms from Hermosillo, Mexico. Hermosillo is the capital of the Mexican State of Sonora with a population of 800,000. See page 3 of “PDF One”: http://www.tonogold.com/i/pdf/Presentation_Iron_Ore_2013_10.pdf
The mining operations in Australia have average salary costs that are 700% higher than in Mexico. The Australian mines are also located in the Australian Out Back and require employees to be flow in and out. At the Tonogold mine, employees simply drive themselves to work. See page 13 of “PDF Two”: http://www.tonogold.com/i/pdf/AGM-June-23-2014.pdf
Full Reporting Status & Moving to a Higher Exchange (Off the Pink Sheets):
• Tonogold is in the process of going to full reporting status with the SEC, moving off the pink sheets and going onto a higher exchange. TNGL recently completed a ten to one reverse split to help accomplish these goals. Going to full reporting status with the SEC and moving to a higher exchange will allow the serious investors and big funds to purchase shares of the stock. Tonogold expects this process to be completed within the next three months.
The following quote is from the TNGL November 6, 2013 press release: “Tonogold also wishes to advise investors that it has appointed Hamilton & Associates Law Group P.A. (Corporate Attorney) to assist the Company in its application to become Reporting Issuer under the Securities Exchange Act of 1934, as amended. Tonogold's objective is to become fully reporting and quoted on the OTC Bulletin Board as soon as possible.” http://www.tonogold.com/s/NewsReleases.asp?ReportID=610323&_Type=News-Releases&_Title=Tonogold-Resources-Inc.-Engages-RM-Corporate-Finance-for-6-Mill-Capital-Rai
The Tonogold press release on May 8, 2014 states in part: “The Company is continuing to work with its advisors in a bid to become a fully reporting entity as soon as possible. Additionally, we expect the reverse share split share price will provide Tonogold the opportunity to list on secondary exchanges in the near-term, as well attract a broader investor base.“ http://ih.advfn.com/p.php?pid=nmona&article=62134973&xref=newsalert
Purchasing Other Assets:
• TNGL will continue in its stated goal of adding high quality mining assets to their portfolio and in fact is looking at several other mines near their iron ore mine in Sonora, Mexico. See page 15 of “PDF Two”: http://www.tonogold.com/i/pdf/AGM-June-23-2014.pdf
Promotion and Awareness:
• In the “Tonogold Resources, Inc. Financial Statements For the years ended December 31, 2013 and 2012,” on page 13; please note the 2012 TNGL Promotion budget at $13,314. The 2013 promotion budget was cut by about 50% to $6,615. There has been almost no promotion with TNGL. This is the opposite of a pump and dump. Thishttp://www.otcmarkets.com/financialReportViewer?symbol=TNGL&id=118129
• Also look at the TNGL web site and click on “News”. You will see the News or Press Releases put out by Tonogold. Look at the frequency of news and note that there is hardly any news coming out. This is again, the opposite of a pump and dump. http://www.tonogold.com/s/NewsReleases.asp
• Tonogold has not been promoting itself because they were not producing anything. Now Tonogold has a producing mine with huge asset potential. Once the private placement money is in Tonogold will have a real budget for awareness and promotion. Tonogold now has production and assets fundamentals that they can promote. The investment world is going to know about the awesome TNGL fundamentals and exponential growth potential. The investment world will also know about the Tonogold drilling results as they come in over the next 9 months.
Tonogold - Gold and Silver Mine:
• Tonogold has a mining project in Nevada called Tonopah Divide. This project is next door to the Hasbrouck 3,000 Acre mine that has the same type of geological terrain in an area that is historically proven to be high yielding in gold and silver assets. The Hasbrouck mine was previously owned by Allied Nevada. The Technical Report that Allied Nevada did on Hasbrouck dated April 11, 2012 states that there are “Inferred mineral resources of 1.2 million ounces of contained gold and 29.3 million ounces of contained silver…” in the Hasbrouck mine.
Based on the Friday 8/30/14 NY gold spot at $1,287 (bid) and the silver NY spot at $19.46, the numbers come out like this: Gold, 1,200,000 ounces X $1,287 = $1,544,400,000. Silver, 29,300,000 ounces X $19.46 = $570,178,000. $1,544,400,000 + $570,178,000 = $2,114,578,000. That is putting the Hasbrouck resource value roughly at 2 billion, 144 million, 578 thousand dollars.
Tonopah Divide is about 233% larger than Hasbrouck. Look at the links below to see the details on the Tonopah Divide drilling program. TNGL GOT CONTROL OF 72% OF THE TONOPAH DIVIDE PROJECT ALONG WITH ALL OF ITS IMPROVEMENTS FOR FREE. In October of 2012 TNGL’s Tonopah Divide 72% partner, Centerra Inc. withdrew from the project. Centerra withdrew from all of their U.S. projects. CENTERRA HAD INVESTED ABOUT 4.6 MILLION IN IMPROVEMENTS WHICH ALSO WENT TO TNGL FOR FREE. TNGL now controls 100% of this project along with all the improvements. See the below links for more details:
http://www.tonogold.com/s/Home.asp
http://www.tonogold.com/s/NewsReleases.asp?ReportID=553146&_Type=News-Releases&_Title=Tonogold-Resources-Inc.-Regains-100-Control-of-Tonopah-Divide
http://www.24hgold.com/english/news-company-gold-silver-announces-initial-work-program-at-tonopah-divide-gold-project.aspx?articleid=143943
http://www.tonogold.com/s/NewsReleases.asp?ReportID=417242&_Type=News-Releases&_Title=TONOGOLD-RESOURCES-INC-DRILLING-AT-TONOPAH-DIVIDE-RETURNS-30-FEET-OF-0.118-...
• West Kirkland Mining (http://wkmining.com/) announced that they have raised 31.1 million, 20 million of that to acquire a 75% interest in the Hasbrouck project. The remaining 11.1 million will be used to immediately start exploration and initiate a prefeasibility study on the Hasbrouck project. It looks to me like West Kirkland Mining intends to produce on Hasbrouck, right next door to Tonogold’s Tonopah Divide project.
http://www.4-traders.com/WEST-KIRKLAND-MINING-INC-11538217/news/West-Kirkland-Mining--Commences-Exploration-and-Prefeasibility-Study-for-Hasbrouck-Project-Nevada-18537587/
Total Shares Available for Trading – The Float:
• Here is where things get interesting. In the Tonogold press release dated May 8, 2014 it states in part “The share structure contemplated following the completion of the capital raising and acquisition (pre and post the proposed capital re-structure) is provided in the table below:…..
http://www.tonogold.com/s/NewsReleases.asp?ReportID=652171&_Type=News-Releases&_Title=Tonogold-To-Acquire-100-Of-Iron-Ore-Project-Mexico
According to this table Tonogold will issue 28 million new shares for the “Current raising”. That represents the 14 million Private Placement. After the Private Placement is closed this will be 27.2% of the total shares issued. TNGL has also now issued another 54.1 million shares to purchase the iron ore mine. (The iron ore mine deal was a stock only, non cash deal). After the Private Placement is closed these shares will represent 52.6% of the total shares issued. All of these new shares will be RESTRICTED! That means that they will not be tradable for a specific period of time. I do not know how long these shares will be restricted but in the recent past TNGL issued shares have carried a one year restriction.
So after the private placement is called in there will be 102.8 million shares issued. The total number of new restricted shares will be 82.1 million. That means that 79.8 percent of the total shares issued will not be available for trading. Only 20.7 million shares or 20.2 % of the total issued stock will be available for trading. The tradable float on TNGL is incredible small.
Put Tonogold (TNGL) on your charts and note that there are very few shares available at the bid or ask and very few shares available at higher price above the ask. In my view this means that once Tonogold proceeds with the items I have mentioned in this report and the news comes out to this effect; new buyers will start to show up. I think that volume will increase and the supply / demand dynamics are going to set TNGL up for some potentially huge explosive upward movements in the stock price.
Summary:
I own Tonogold (TNGL) and have put my friends and family into this stock.
I have been taking advantage of the recent pull back in price to add to my position.
I see Tonogold (TNGL) as a little, unknown penny stock that is about to become a dollar stock with explosive upward moves. I think TNGL is a tremendously undervalued asset with huge growth potential. I think the next 9 months are going to be historic for Tonogold and its shareholders.
My Tonogold Top Ten - October 2014 is being proven correct in real time. As a matter of fact we can now cross of numbers one and two on my Top Ten List. Tonogold is just moving down the list. See for yourself:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106675028
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/
Tonogold Top Ten – October 2014
My Tonogold Top Ten - October 2014 is being proven correct in real time. As a matter of fact we can now cross of numbers one and two on my Top Ten List. Tonogold is just moving down the list. See for yourself:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106675028
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/