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TNGL a Prime Take Over Target?
IMHO the majors are flooding the world with iron ore to put downward pressure on prices on purpose. They are creating a situation where they can buy up all of the available assets at fire sale prices. A consolidation of the industry is taking place with all of the assets moving into the major mining companies.
Tonogold’s ridiculously low stock price and market cap, no debt and huge asset potential make TNGL a great acquisition target for one of the major mining companies.
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/
Iron ore prices
“The fundamentals are still very strong in the industry,”
http://www.mineweb.com/mineweb/content/en/mineweb-iron-and-steel?oid=256507&sn=Detail
This is my humble opinion and speculation but this might help.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106674998
Gustavo Mazon, Jordon Moelis, Eddie Sugar & TNGL!
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
Likely Super-Bubble in Crappy Little Mining Stocks - Doug Casey
“Chances are excellent that we're going to have a “super bubble” in these 'crappy little mining stocks'. “It's always darkest before the dawn, and I think right now is the right time to buy them.”
The segment on mining starts at 12 minutes, 15 seconds.
http://palisaderadio.com/doug-casey-likely-to-be-a-super-bubble-in-these-crappy-little-mining-stocks/
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/
DD on TNGL Financing
Those who pay attention already understand that Eddie Sugar is the funding for Tonogold. When Eddie Sugar came on board our funding was as good as done. It’s just a question of when.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106691351
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103956570
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 New Board Announcement 10/1/2014
http://www.marketwatch.com/story/tonogold-appoints-mr-jordan-moelis-and-mr-gustavo-mazon-to-board-of-directors-2014-10-01
“The Mazon family is one of the most highly respected, influential and successful families in Mexico, with the Mazón Group being one of the oldest business organizations in the northwest region of Mexico, with interests in numerous sectors including livestock, telecommunications (through its interest and business venture with Megacable Holdings a listed entity with a market capitalization of over $50 billion), agricultural, transportation, agro-industry, livestock, development of industrial parks, recreational, tourism, industrial and residential property development and mining.”
Gustavo Mazon is the son of Ricardo Mazon. Ricardo Mazon is a Billionaire Mexican business Tycoon and philanthropist. 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
Eddie Sugar + Tonogold = $$$$$$$$$$$$$$$
When Eddie Sugar at EAS came on board at Tonogold, our iron ore deal changed. Instead of buying 51% of the Mil-ler iron ore mine, Tonogold now has 100% ownership. Eddie Sugar is also responsible for bringing us the money for our private placement capital raising. All of this took a little longer than we all expected, but the results have been a much better deal for Tonogold. The instant gratification naysayers and whiners complained out all over the board. Owning 100% of the iron ore mine and raising the money to expand the production and do a drilling program, in my opinion, are achievements that are well worth the wait of a few months.
• Look at what Eddie Sugar said about our iron ore mine and Tonogold. http://www.easadvisors.com/
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
• Sugar is familiar with iron ore deals, having partially funded Andrew Forrest in 2003 when Forrest started Fortescue Metals Group Ltd. 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.
• The EAS web site shows that they have been involved in over 2.5 billion worth of successful transactions since their inception in 2008. The principal at EAS Advisors LLC (EAS) is Eddie Sugar whom has closed near 7 billion in deals.
• Eddie Sugar, 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
Eddie Sugar with his decades of experience and billions of successful deals in the resources sector; and who helped create billions in iron ore fortunes at Fortescue Metals, has endorsed all aspects of this deal. Sugars comments are very Bullish for Tonogold.
This deal now has Fortescue Metals financial DNA written all over it! In terms of acreage, this project is the largest iron ore mine in Mexico.
I personally own over 100,000 shares with an average entry price of near twenty cents, post split. In pre split numbers that was over one million shares at an average entry of near two cents. I think TNGL is in an excellent position to make some serious gains from here.
My Tonogold Top Ten - October 2014 still stands and is being proven correct in real time. 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/
News Release 9/26/14 at Tonogold!
http://finance.yahoo.com/news/tonogold-announces-completion-mil-ler-015459125.html
1. The completion of the acquisition of the Mil-ler
Resources iron Ore project near Hermosillo, Sonora,
Mexico is COMPLETED!
2. Travis Miller is now an Executive Director at Tonogold
and is the largest TNGL shareholder.
3. Tonogold is moving forward on “building Tonogold into a
significant resource group in the medium term.”
4. Announcements soon: “further strengthening of the Board
and capital raising.”
5. The Ponderosa and Vito deposits are in close proximity to
the access road that leads onto the mine property.
6. Tonogold is now able to “commence production at
Ponderosa.”
7. The drilling results so far indicate that Ponderosa “will
provide the feed necessary to sustain a production rate
of over 360,000 tonnes of iron ore per annum for at least
5 years.”
360,000 tonnes X 5 years = one million, eight hundred thousand tonnes of iron ore. At iron ore prices of $80 a tonne; and the projected production costs of $55.24 (see pages 18 & 19 on the TNGL Power Point PDF http://www.tonogold.com/i/pdf/AGM-June-23-2014.pdf) that would give Tonogold an estimated projected profit of $24.76 per tonne. Multiply that by 360,000 tonnes per year = eight million, nine hundred, thirteen thousand, six hundred dollars. Multiply that by five years and Tonogold could see an estimated projected profit of forty four million, five hundred sixty eight thousand dollars.
I am expecting a series of press releases with exceptionally great news coming soon. My previously reported top ten is all in play! Things are really coming together in a perfect storm of really great news for Tonogold shareholders.
This is my humble opinion and speculation. This is not a recommendation to buy or sell. Please do your own Due Diligence. I own Tonogold (TNGL) and have put my friends and family into this stock.
Tonogold Top Ten - October 2014
1. The completion of the acquisition of the Mil-ler Resources iron ore project near Hermosillo, Sonora, Mexico is COMPLETED! TNGL now owns 100% of this project.
2. Announcements soon: “further strengthening of the Board and capital raising.”
3. Tonogold is now able to “commence production at Ponderosa.”
The drilling results so far indicate that Ponderosa “will provide the feed necessary to sustain a production rate of over 360,000 tonnes of iron ore per annum for at least 5 years.” That comes to at last one million, eight hundred thousand tonnes of iron ore at just two of the anomalies located at the mine site. At an iron ore price of $80 a tone, these anomalies are capable of providing a projected estimate of forty four million, five hundred sixty eight thousand dollars in profits to Tonogold, over five years. And these numbers do not include the remaining approximately 135 square miles of the mine or the other mining projects that Tonogold is looking at acquiring.
4. We are about to learn that we are either already or very soon will be at Full Reporting Status with the SEC. This will help to move TNGL off the pink sheets and onto a higher exchange.
5. We are about to learn that TNGL will have a real promotion budget for an awareness and promotion campaign. Tonogold will be promoting its awesome fundamentals.
6. Tonogold will continue to add additional high quality mining assets to its portfolio. Adding to its market cap and putting upward pressure on its stock price.
7. The geological survey (43-101) from the extensive drilling program will come in showing millions more tones of iron ore at the Mil-ler mine capable of turning this project into a World Class Producer.
8. TNGL will further develop its Tonopah Divide gold project in Nevada, USA.
9. Tonogold is moving forward on “building Tonogold into a significant resource group in the medium term.”
10. Don’t forget that Tonogold CEO Mark Ashley took LionOre from a 20 million dollar market cap to over 6 billion. The stock price went from 40 cents to $27.50. One thousand dollars invested at 40 cents turned into $68,750 when the company was sold, a 6,875 ROI. Ashley also has other very stellar achievements on his record.
11. Note that after the purchase of the iron ore mine and the recent capital raising about 80% of the issued Tonogold stock is RESTRICTED. Only about 20% of the float is available for trading. I believe that once the news on Tonogold gets out, the supply and demand matrix will put extreme and sudden upward pressure on the TNGL stock price.
12. The universe of investors, both large and small will start to see TNGL as a tremendously undervalued asset with huge exponential growth potential. Within a few months the stock will be at five dollars. Within six months we will be at ten dollars. That momentum will build and some of the biggest mining companies in the world will come calling, looking at an outright buy out of Tonogold at a stock price between five and ten dollars a share and a bidding war for TNGL will ensue!
This is my humble opinion and speculation. This is not a recommendation to buy or sell. Please do your own Due Diligence. But for me, I own Tonogold (TNGL) and have put my friends and family into this stock.
Tonogold Due Diligence – Updated 9/27/14
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:
• Eddie Sugar at EAS is now working with Tonogold. http://www.easadvisors.com/
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
• The EAS web site shows that they have been involved in over 2.5 billion worth of successful transactions since their inception in 2008. The principal at EAS Advisors LLC (EAS) is Eddie Sugar whom has closed near 7 billion in deals. Sugar is familiar with iron ore deals, having partially funded Andrew Forrest in 2003 when Forrest started Fortescue Metals Group Ltd, ticker FSUGY, $7.16 on 9/18/2014.
• 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.
• Eddie Sugar, 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
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 have been taking advantage of the recent pull back in price to add to my position. I have scaled into my position and personally own over one hundred thousand shares of Tonogold (TNGL) with an average buy in price of about 60 cents.
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.
This is my humble opinion and my speculation. This is not a recommendation to buy or sell. Please do your own Due Diligence. But for me, I own Tonogold (TNGL) and have put my friends and family into this stock.
Joeblow110percent
My Latest DD Friday 9/19/2014
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. 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:
• Eddie Sugar at EAS is now working with Tonogold. http://www.easadvisors.com/
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
• The EAS web site shows that they have been involved in over 2.5 billion worth of successful transactions since their inception in 2008. The principal at EAS Advisors LLC (EAS) is Eddie Sugar whom has closed near 7 billion in deals. Sugar is familiar with iron ore deals, having partially funded Andrew Forrest in 2003 when Forrest started Fortescue Metals Group Ltd, ticker FSUGY, $7.16 on 9/18/2014.
• 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.
• Eddie Sugar, 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
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:
• Once the private placement money is in Tonogold will have a real budget for awareness and promotion. The investment world is going to know about their awesome 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 already 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 have been taking advantage of the recent pull back in price to add to my position. I have scaled into my position and personally own over one hundred thousand shares of Tonogold (TNGL) with an average buy in price of about 60 cents.
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.
This is my humble opinion and my speculation. This is not a recommendation to buy or sell. Please do your own Due Diligence. But for me, I own Tonogold (TNGL) and have put my friends and family into this stock.
Do more Due Diligence here: http://investorshub.advfn.com/Tonogold-Resources-Inc-TNGL-4288/
Joeblow110percent
Tonogold Is About To Go Kabong!!!
I am writing you from my hotel in beautiful Sonora Mexico; drinking Silver Patron and hanging with my gorgeous senorita friends at the pool. I am down here doing my DD. I saw none other than Baba Louie and El Kabong himself looking at our mining project. We are all having a Smashing Good Time! El Kabog tells me that there is about to be a Kabonging Frenzy with News Beyond Expectations. Baba Louie reports that Tonogold is about to become overcome with fresh new buyers, volume and price are about to go Kaboom, into the stratosphere. El Kabong and Baba Louie say that we will see $5 to $10 by Christmas! Ooooolllllaaaaaa!!!
China Advances Gold Exchange Launch
"China will launch its international gold exchange 11 days ahead of schedule, …, racing ahead in the scramble to set up an Asian bullion benchmark as rival Singapore is forced to delay its gold contract due to technical issues."
"Asia, home to the world's top two gold buyers – China and India, has been clamouring to gain pricing power over the metal and challenge the dominance of London and New York in trading.
The state-run Shanghai Gold Exchange (SGE) will launch the global gold bourse in the Shanghai free-trade zone on Thursday, two sources familiar with the matter told Reuters. The SGE had initially planned the launch for Sept. 29."
"The ability to bring forward the launch, which will mark the first time foreign players will be allowed to participate directly in China's physical gold market - the biggest in the world, shows the country's preparedness with the exchange that it is hoping will become the centre of Asian gold trading."
"The response has been strong, with the bourse exceeding expectations in signing up trading members, Reuters reported earlier."
"CME Group will launch a physically deliverable contract in Hong Kong later this year, while Dubai is also preparing to launch a contract. Thailand is also considering setting up a spot gold exchange. (Editing by Himani Sarkar)"
http://www.reuters.com/article/2014/09/16/china-gold-contract-idUSL3N0RH1YE20140916
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/
Gold Exploration Trends
“Gold discoveries have become increasingly rare and in fact over the last couple of years increasingly bleak,”
“One thing that is definitely insane is deleting exploration from your budget in order to save cash because you are fundamentally destroying your business if you are not investing in exploration.”
“Now is the time that you can actually set yourself up for the next boom if you have the resources to do that, so that is what you have got to try and make the most of.”
http://www.afr.com/p/business/companies/gold_exploration_loses_its_lustre_kef7eChYewr2yv6aMHu6LP
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/
Iron Ore Price in Stunning Turnaround!!!
“After weeks of relentless selling benchmark iron ore prices soared on Monday, enjoying the strongest one-day gains in more than a year.”
http://www.mining.com/iron-ore-price-in-stunning-turnaround-18721/
“I am speculating that significant news will be coming soon. I
think the longer this takes the further down my top ten list
we will find ourselves when the news finally does come out. I
believe that we will find out that things behind the scenes
are going better than planned…”
My Latest Greatest Top 10 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/
US Gold Production Continued Its Decline in May – USGS
http://www.mineweb.com/mineweb/content/en/mineweb-gold-news?oid=249913&sn=Detail
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/
Goldcorp: “We Have Hit PEAK Gold”
The CEO of the world's most valuable gold miner Goldcorp (TSE:G) says "peak gold" will be reached this year or in 2015.
Chuck Jeannes told the Wall Street Journal global gold production will start to decline "as easy-to-mine gold deposits become harder to find" and in the absence of any major technological breakthrough:
"Whether it is this year or next year, I don't think we will ever see the gold production reach these levels again," he said. "There are just not that many new mines being found and developed."
http://www.mining.com/goldcorp-we-have-hit-peak-gold-48704/
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/
This Is Where TNGL Is Going:
I am just as impatient and displeased by the lack of communication and delays as everyone else. But the reality is that lack of news and delays in the past have resulted in the iron ore deal changing from TNGL owning 34%, to 50%, and now to 100%. When we have not heard anything and had delays in the past; things behind the scene have gotten progressively and very significantly better.
I am sticking to “My Latest Greatest Top 10 for Sept 2014”:
“I am speculating that significant news will be coming soon. I
think the longer this takes the further down my top ten list
we will find ourselves when the news finally does come out. I
believe that we will find out that things behind the scenes
are going better than planned. I think CEO Mark Ashley is
going to hit a bases loaded, out of the park home run on this
one!!!”
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/
Truth About Where Gold is Headed
http://www.gold-eagle.com/article/truth-about-where-gold-price-headed
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/
Central Banker Declares “Gold Is The Only Safe Haven Left”
http://www.businessinsider.com/zhang-jianjua-gold-safe-haven-2011-12
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/
Tonopah Divide Summary:
I believe that the Tonopah Divide project is the project that enticed Mark Ashley into coming on board TNGL as CEO.
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. http://www.tonogold.com/s/NewsReleases.asp?ReportID=553146&_Type=News-Releases&_Title=Tonogold-Resources-Inc.-Regains-100-Control-of-Tonopah-Divide
The below summary is taken from the TNGL web site: http://www.tonogold.com/s/Home.asp
Tonogold Resources, Inc. explores and develops advanced exploration properties in Nevada.
Our flagship property, Tonopah Divide, is now 100% owned and we are moving rapidly to expand and define the resources contained in two recent discoveries.
Here are some key facts about Tonopah Divide:
• Recent exploration program (2008-2010) consisted of 79 reverse circulation drill holes (74,070 feet);
• 223 gold bearing intercepts (minimum of 0.30 grams/tonne over 3 meters);
• High percentage of surface samples show anomalous gold and silver;
• Prior to 2008, other operators drilled 321 holes (mostly reverse circulation) over 110,111 feet.
• Two recent discoveries, NMC Combination and Ruby Hill, open to the Southeast and Northwest
• Six more high value targets identified, but not drilled.
• Extensive underground workings with exploration potential
• 80 patented claims and 306 unpatented claims covering approximately 7,500 acres.
• Adjacent to Hasbrouck Mountain which is owned by Allied Nevada (NYSE: ANV)
• Excellent access and local infrastructure.
• Located in mining-friendly Esmeralda County.
Here is a May 2007 update on the Tonopah Divide project: http://www.24hgold.com/english/news-company-gold-silver-announces-initial-work-program-at-tonopah-divide-gold-project.aspx?articleid=143943
Here is a 2 Sept 2010 TNGL PR on the Tonopah Divide drilling program: 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-...
Here are some CURRENT EVENTS that make things with Tonopaha Divide more interesting.
West Kirkland Mining (http://wkmining.com/) has 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 like they intend to produce on Hasbrouck next door to our 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/
Tonogold’s 6,700 Acre Tonopah Divide project next door to the Hasbrouck 3,000 Acre mine 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.
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 has 223% more acres than Hasbrouck with the same geological terrain and in an area with a proven history of high yielding gold and silver resources. Multiplying the Hasbrouck numbers by 223% would put Tonogold’s Resource value at 4 billion, 715 million, 508 thousand, 940 dollars. As of the close on Friday 8/29/14 TNGL had a market cap of 10 million with a stock price at .50 cents.
I am not using these numbers to predict the future TNGL share price or market cap, but to emphasis the enormous undervaluation that currently exists at Tonogold.
IMHO Tonogold is very undervalued. Once TNGL moves forward on my previously stated top ten, I think we are going to see a huge and sudden upward movement in the TNGL stock price and market cap.
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/
Maveric one is correct!
Hey Maveric one, I am right there with your “yawner…rip van winkle” comments. I hope we don’t all grow old and die before news comes out!
If you think you’re pissed! I am about 1,000 times more upset at how long this is taking and with zero communication. Right now CEO Mark Ashley is lacking credibility. The whole thing is looking like a joke. I have put clients, friends and family into this. Ashley is making us all look stupid.
There is Lion Ore where Ashley greatly succeeded. Then there is Tonogold where the jury is still out on Ashley’s success.
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/
Rick Rule: A Briefing on Private Placements
http://sprottglobal.com/thoughts/articles/rick-rule-a-briefing-on-private-placements/
Tonogold about to Knock It Out Of The Park!!!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103546882
Gold Going to $5,000 Per Ounce
http://www.cnbc.com/id/101918394
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/
The Coming Silver Shortage
http://www.silverdoctors.com/the-coming-silver-shortage-all-hell-will-break-loose/
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/
Gold Production to Drop By 50%;
Few New Discoveries Will Exacerbate….
http://www.munknee.com/gold-production-drop-50-new-discoveries-will-exacerbate-problem/
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/
Drastic Fall in New Gold Discoveries
http://www.mineweb.com/mineweb/content/en/mineweb-gold-news?oid=247986&sn=Detail
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/
Kia Will Spend More Than $1 Billion on Mexican Auto Plant
http://www.bloomberg.com/news/2014-08-26/kia-said-to-announce-new-auto-plant-tomorrow-in-mexico.html
A quote from Eddie Sugar, the principal at EAS regarding iron ore investing in Sonora Mexico:
“…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
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/
Glaciers and Investing in Mining Companies!
A friend once told me that investing in mining companies is like watching glaciers form. You watch and watch, and nothing seems to be happening. But in reality there is pressure building behind the scenes. Then all of a sudden, all hell breaks loose. Well all hell is about to break loose at Tonogold.
I hope your all on board and ready because it’s about to become a spectacular ride!
Analyst Believe IO Spot Could Average $126 Per Ton.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104786573
Australian Iron Ore Mining Profile
http://www.marketresearch.com/BRICdata-v3901/Australian-Iron-Ore-Mining-Profile-6916435/
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/
End of boom? Not for Australia's iron ore miners
http://www.cnbc.com/id/101284584
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/
Iron Ore Export Growth lifts Arrium Profit 83%
http://article.wn.com/view/2014/08/19/Iron_ore_export_growth_lifts_Arrium_profit_83_per_cent/
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/
Mexican Mining Report 2013
http://www.reportlinker.com/p0887779/Mexico-Mining-Report-Q3.html
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/
“Mexico, An Attractive Market for Iron Ore and Steal Production.”
The Mexican Iron Ore Mining Industry Market Profile
Abundant iron ore and coal reserves, coupled with low labor costs, make Mexico an attractive market for iron and steel production.
http://www.marketresearch.com/BRICdata-v3901/Mexican-Iron-Ore-Mining-Profile-6969840/
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/
Fortescues Profits Nearly Quadruple on Output Gains
http://sourceable.net/fortescues-profits-nearly-quadruple-on-output-gains/
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/
Miner Grupo Mexico Q2 profit rises 74% to $509m
http://www.miningweekly.com/article/miner-grupo-mexico-q2-profit-rises-74-to-509m-2014-07-29
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/
Mexico Cracks Down on Cartels:
Mexicos new President Enrique Peña Nieto has literally declared war on the drug cartels! This is part of Mexico’s plan to open up the country for business and international investment.
Mexico launched a special 5,000-strong police force Friday to combat industrial, farm and business crime that has extended throughout the country's economy, strangling commerce in some regions:
http://www.dailymail.co.uk/news/article-2732688/Strong-arm-law-Mexico-launches-new-5-000-strong-police-force-trained-ARMY-combat-drug-cartels-gangs-terrorising-local-communities.html#ixzz3BQavGcG1
Mexico's President Enrique Peña Nieto inaugurated a new unit of the federal police force—…that aims to protect key parts of the economy, like MINING OPERATINS and farms, from drug gangs:
http://online.wsj.com/articles/mexico-unveils-new-police-force-1408737459
http://mexicoinstitute.wordpress.com/tag/insecurity-in-mexico/
Mexico Launched a New Police Force to GUARD COMMERCE:
http://www.washingtonpost.com/world/the_americas/mexico-launches-new-police-force-to-guard-commerce/2014/08/22/902d0b04-d5fb-4bfe-bb2e-713198114f4b_story.html
A new rural police force has been formed to fight the cartels:
https://news.vice.com/article/new-rural-police-force-emerges-after-the-death-of-mexicos-autodefensas
Old news from March 2014:
Authorities seized almost 120,000 tons of ore as well as 124 bulldozers, backhoes, milling equipment and trucks as a result of Monday's raid on at the Pacific coast seaport of Lazaro Cardenas.
Note that this is in a different port and in a different state than where the Tonogold iron ore mine is located:
http://www.mining.com/mexican-police-seizes-119000-tonnes-of-iron-ore-mined-by-drug-lords-59902/
Mexico Cracks Down on Illegal Iron Ore Mining:
http://www.thestreet.com/story/12492322/1/mexico-cracks-down-on-illegal-iron-ore-mining.html
Mexican authorites have shut down 946 iron ore mines in three states as part of a crackdown on infiltration by crime gangs, mining leaders said. Government agencies have closed mines lacking proper paperwork as part of efforts to stamp out drug gang involvement in iron ore mining, particularly in Michoacan state, from where the Knights Templar drug cartel is thought to have illegally exported more than 1Mt/y to China via Lazaro Cardenas port for at least three years.
The vast majority of the closures have been in Michoacan (854), with 72 in Colima and 20 in Guerrero states, which border Michoacan, …
Note that none of these closures are mentioned in the Mexican State of Sonora or at the port of Guaymas where the TNGLD iron ore mine is located and were we are shipping our iron ore. That is because the cartels were never a problem in Sonara mining. To read about our port which is known as “The fastest Growing Port in Mexico” look here: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103962154
MEXICO HAS SHUT DOWN OVER 900 ILLEGAL MINES. GOVERNMENT CONTINUES SHUTDOWN FOR IRON ORE EXPORT:
http://pacificcoastminerals.net/newsrelease.html
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/