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SureBob,
Let me dispel your rants with some facts.
The Industrial Deep Water Port facilities at Guaymas, is only 180 km away 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 already is 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 much better than that. No dreams here, just reality.
Please fact check yourself or else no one will take your comments seriously.
An undervalued junior minor to check out.
Eddie Sugar who funded Andrew Forrest when he started Fortescue Metals Group is now endorsing a small undervalued iron ore producing company called Tonogold (TNGL).
See the press release here:
http://www.tonogold.com/s/NewsReleases.asp?ReportID=652171&_Type=News-Releases&_Title=Tonogold-To-Acquire-100-Of-Iron-Ore-Project-Mexico
Sugar backed Andrew Forest with 200 million back in 2003 when no one would give Forest capital. That turned into Fortescue Metals Group, which is now ranked as the 4th largest iron ore producer in the world, with a market cap of over 15 billion. That also made Andrew Forrest number 308 on the Forbes Billionaire list with an estimated worth of 5 billion. Forrest’s wealth was built on iron ore sales to China and to some degree thanks to Eddie Sugar’s endorsement.
Eddie Sugars’s new company is EAS. The EAS web site shows that they have been involved in over 2.5 billion worth of successful transactions since their inception in 2008. Eddie Sugar has according to different reports been involved in between 7 and 20 billion successful deals. http://www.easadvisors.com/
Eddie Sugar:
http://m.theaustralian.com.au/business/mining-energy/twiggy-backer-pumps-funds-into-lng/story-e6frg9df-1226779250468#mm-premium
http://www.afr.com/p/business/companies/early_fortescue_backer_sets_sights_3bttqjyIyH4EOTGQI2ienN
http://investing.businessweek.com/research/stocks/people/person.asp?personId=118598545&ticker=WTG:CN
Tonogold (TNGL): http://www.tonogold.com/s/Home.asp
The I Hub Tonogold (TNGL) Board:
http://ih.advfn.com/p.php?pid=squote&symbol=TNGL
Big problems in Brazil with their worst drought in fifty years. Brazil gets most of its electric power from hydro power in their dams. The drought is so bad that they are talking black outs. At the least, they are paying much bigger power bills. I have also read that they have a $72 production cost that includes the shipping cost to China. That will effect world wide supply.
Our buyer in China and our contract is solid.
A nice Undervalued Mining Opportunity!
Eddie Sugar who funded Andrew Forrest when he started Fortescue Metals Group is now endorsing a small undervalued iron ore producing company called Tonogold (TNGL).
See the press release here:
http://www.tonogold.com/s/NewsReleases.asp?ReportID=652171&_Type=News-Releases&_Title=Tonogold-To-Acquire-100-Of-Iron-Ore-Project-Mexico
Sugar backed Andrew Forest with 200 million back in 2003 when no one would give Forest capital. That turned into Fortescue Metals Group, which is now ranked as the 4th largest iron ore producer in the world, with a market cap of over 15 billion. That also made Andrew Forrest number 308 on the Forbes Billionaire list with an estimated worth of 5 billion. Forrest’s wealth was built on iron ore sales to China and to some degree thanks to Eddie Sugar’s endorsement.
Eddie Sugars’s new company is EAS. The EAS web site shows that they have been involved in over 2.5 billion worth of successful transactions since their inception in 2008. Eddie Sugar has according to different reports been involved in between 7 and 20 billion successful deals. http://www.easadvisors.com/
Eddie Sugar:
http://m.theaustralian.com.au/business/mining-energy/twiggy-backer-pumps-funds-into-lng/story-e6frg9df-1226779250468#mm-premium
http://www.afr.com/p/business/companies/early_fortescue_backer_sets_sights_3bttqjyIyH4EOTGQI2ienN
http://investing.businessweek.com/research/stocks/people/person.asp?personId=118598545&ticker=WTG:CN
Tonogold (TNGL): http://www.tonogold.com/s/Home.asp
The I Hub Tonogold (TNGL) Board:
http://ih.advfn.com/p.php?pid=squote&symbol=TNGL
A Nice Undervalued Mining Opportunity!
Eddie Sugar who funded Andrew Forrest when he started Fortescue Metals Group is now endorsing a small undervalued iron ore producing company called Tonogold (TNGL).
See the press release here:
http://www.tonogold.com/s/NewsReleases.asp?ReportID=652171&_Type=News-Releases&_Title=Tonogold-To-Acquire-100-Of-Iron-Ore-Project-Mexico
Sugar backed Andrew Forest with 200 million back in 2003 when no one would give Forest capital. That turned into Fortescue Metals Group, which is now ranked as the 4th largest iron ore producer in the world, with a market cap of over 15 billion. That also made Andrew Forrest number 308 on the Forbes Billionaire list with an estimated worth of 5 billion. Forrest’s wealth was built on iron ore sales to China and to some degree thanks to Eddie Sugar’s endorsement.
Eddie Sugars’s new company is EAS. The EAS web site shows that they have been involved in over 2.5 billion worth of successful transactions since their inception in 2008. Eddie Sugar has according to different reports been involved in between 7 and 20 billion successful deals. http://www.easadvisors.com/
Eddie Sugar:
http://m.theaustralian.com.au/business/mining-energy/twiggy-backer-pumps-funds-into-lng/story-e6frg9df-1226779250468#mm-premium
http://www.afr.com/p/business/companies/early_fortescue_backer_sets_sights_3bttqjyIyH4EOTGQI2ienN
http://investing.businessweek.com/research/stocks/people/person.asp?personId=118598545&ticker=WTG:CN
Tonogold (TNGL): http://www.tonogold.com/s/Home.asp
The I Hub Tonogold (TNGL) Board:
http://ih.advfn.com/p.php?pid=squote&symbol=TNGL
A nice Undervalued Mining Opportunity!
Eddie Sugar who funded Andrew Forrest when he started Fortescue Metals Group is now endorsing a small undervalued iron ore producing company called Tonogold (TNGL).
See the press release here:
http://www.tonogold.com/s/NewsReleases.asp?ReportID=652171&_Type=News-Releases&_Title=Tonogold-To-Acquire-100-Of-Iron-Ore-Project-Mexico
Sugar backed Andrew Forest with 200 million back in 2003 when no one would give Forest capital. That turned into Fortescue Metals Group, which is now ranked as the 4th largest iron ore producer in the world, with a market cap of over 15 billion. That also made Andrew Forrest number 308 on the Forbes Billionaire list with an estimated worth of 5 billion. Forrest’s wealth was built on iron ore sales to China and to some degree thanks to Eddie Sugar’s endorsement.
Eddie Sugars’s new company is EAS. The EAS web site shows that they have been involved in over 2.5 billion worth of successful transactions since their inception in 2008. Eddie Sugar has according to different reports been involved in between 7 and 20 billion successful deals. http://www.easadvisors.com/
Eddie Sugar:
http://m.theaustralian.com.au/business/mining-energy/twiggy-backer-pumps-funds-into-lng/story-e6frg9df-1226779250468#mm-premium
http://www.afr.com/p/business/companies/early_fortescue_backer_sets_sights_3bttqjyIyH4EOTGQI2ienN
http://investing.businessweek.com/research/stocks/people/person.asp?personId=118598545&ticker=WTG:CN
Tonogold (TNGL): http://www.tonogold.com/s/Home.asp
The I Hub Tonogold (TNGL) Board:
http://ih.advfn.com/p.php?pid=squote&symbol=TNGL
Long GDXJ also another undervalued Opportunity.
Eddie Sugar who funded Andrew Forrest when he started Fortescue Metals Group is now endorsing a small undervalued iron ore producing company called Tonogold (TNGL).
See the press release here:
http://www.tonogold.com/s/NewsReleases.asp?ReportID=652171&_Type=News-Releases&_Title=Tonogold-To-Acquire-100-Of-Iron-Ore-Project-Mexico
Sugar backed Andrew Forest with 200 million back in 2003 when no one would give Forest capital. That turned into Fortescue Metals Group, which is now ranked as the 4th largest iron ore producer in the world, with a market cap of over 15 billion. That also made Andrew Forrest number 308 on the Forbes Billionaire list with an estimated worth of 5 billion. Forrest’s wealth was built on iron ore sales to China and to some degree thanks to Eddie Sugar’s endorsement.
Eddie Sugars’s new company is EAS. The EAS web site shows that they have been involved in over 2.5 billion worth of successful transactions since their inception in 2008. Eddie Sugar has according to different reports been involved in between 7 and 20 billion successful deals. http://www.easadvisors.com/
Eddie Sugar:
http://m.theaustralian.com.au/business/mining-energy/twiggy-backer-pumps-funds-into-lng/story-e6frg9df-1226779250468#mm-premium
http://www.afr.com/p/business/companies/early_fortescue_backer_sets_sights_3bttqjyIyH4EOTGQI2ienN
http://investing.businessweek.com/research/stocks/people/person.asp?personId=118598545&ticker=WTG:CN
Tonogold (TNGL): http://www.tonogold.com/s/Home.asp
The I Hub Tonogold (TNGL) Board:
http://ih.advfn.com/p.php?pid=squote&symbol=TNGL
Eddie Sugar who funded Andrew Forrest when he started Fortescue Metals Group is now endorsing a small undervalued iron ore producing company called Tonogold (TNGL).
See the press release here:
http://www.tonogold.com/s/NewsReleases.asp?ReportID=652171&_Type=News-Releases&_Title=Tonogold-To-Acquire-100-Of-Iron-Ore-Project-Mexico
Sugar backed Andrew Forest with 200 million back in 2003 when no one would give Forest capital. That turned into Fortescue Metals Group, which is now ranked as the 4th largest iron ore producer in the world, with a market cap of over 15 billion. That also made Andrew Forrest number 308 on the Forbes Billionaire list with an estimated worth of 5 billion. Forrest’s wealth was built on iron ore sales to China and to some degree thanks to Eddie Sugar’s endorsement.
Eddie Sugars’s new company is EAS. The EAS web site shows that they have been involved in over 2.5 billion worth of successful transactions since their inception in 2008. Eddie Sugar has according to different reports been involved in between 7 and 20 billion successful deals. http://www.easadvisors.com/
Eddie Sugar:
http://m.theaustralian.com.au/business/mining-energy/twiggy-backer-pumps-funds-into-lng/story-e6frg9df-1226779250468#mm-premium
http://www.afr.com/p/business/companies/early_fortescue_backer_sets_sights_3bttqjyIyH4EOTGQI2ienN
http://investing.businessweek.com/research/stocks/people/person.asp?personId=118598545&ticker=WTG:CN
Tonogold (TNGL): http://www.tonogold.com/s/Home.asp
The I Hub Tonogold (TNGL) Board:
http://ih.advfn.com/p.php?pid=squote&symbol=TNGL
The Most Important Thing
From what I hear from the Shareholders meeting!
The most important thing going on now is the drilling program. The purpose of the drilling program is to prove how much iron ore is in the ground by identifying the “Blocking Reserves.” Once Blocking Reserves are identified it is a bankable document. This is what the big funds and any major mining company who might be interested in buying us out will want to see. The drilling program is what will put the most upward pressure on the stock price.
We are talking within days we will see the investor money coming into TNGL. When that happens we will start an elecromagnetic assessment of the property by flying airplanes with magnetic reading instruments in them over the property. This will create a magnetic map. This process will take about three weeks. The geologist then put dots on the magnetic map. Those dots are areas where they will drill. At this point they will IMMEDIATELY start drilling, three drills running 24/7. The drills are already in place and waiting for instructions. The drill program will include 375 holes. See page 17 of the PDF: http://www.tonogold.com/i/pdf/AGM-June-23-2014.pdf That is a huge drilling program, especially considering all of those holes are going into just the one large anomaly circled in yellow. See page 17 on the PDF.
We could potentially be looking at over 500 million tons of iron ore on just that one anomaly. And that anomaly is only a tiny part of the entire project. Some people think there are between one and five billions of tones of iron ore on the property in total. Any of those results would make the value of the iron ore mine go up exponentially, maybe even higher than CEO Mark Ashley’s $2.31 a share projection found on page 19 of the PDF.
Look at this link as to what Google describes at the “world’s largest open pit iron ore mine” and compare that to our three big anomalies. http://www.roadtripamerica.com/roadside/Minnesota-Hibbing-Hull-Rust-Mine.htm This is why TNGL management keeps saying that this has the potential to turn into a “world class” mining project.
On 6/27/14 the stock price was at .085 cents and our market cap was at 16.2 million. Ashley’s projection numbers from our current price of near .085 cents would be a 2,710% Return On Investment (ROI). The numbers from the .009 cents, where TNGL was when Ashley came on board as CEO and we are talking a 25,600% ROI.
If those numbers seem unreal just think about Mark Ashley’s stats from when he was CEO at LionOre. Ashely took LiorOre Mining International (1994 – 2006) from $0.40 cents to $27.50. One thousand dollars invested would have turned into $68,750. That is a 6,875% ROI. LionOre was a dormant company and Ashley turned in into the 8th largest nickel mining company in the world. A 20 million market cap turned into 6.26 billion.
Tonogold (TNGL) is about the most undervalued deal out there.
TNGL Improving Quality of Iron Ore, Increasing Demand in China.
Related to the recent down trend in iron ore prices; look at this article telling that iron ore mines are closing in China, reducing supply and putting upward pressure on price. http://www.mineweb.com/mineweb/content/en/mineweb-fast-news?oid=245924&sn=Detail
See the TNGL PDF pages 11 and 12. http://www.tonogold.com/i/pdf/AGM-June-23-2014.pdf Nice analysis by CEO Mark Ashley!
Look at pages 9 and 10 on the PDF. China’s demand for iron ore is increasing.
We are improving the quality of our iron ore to 61% by adding a wet mag process, page 16 on the PDF.
We are also going to start producing on the largest anomaly. This anomaly is a mountain of iron ore with large outcroppings. The iron ore here is likely more pure than the ore where we have been producing. This one single anomaly is likely enough iron ore to take this project into the arena of “world class”.
We are a producing mining company.
TNGL Improving Quality of Iron Ore, Increasing Demand in China.
Related to the recent down trend in iron ore prices; look at this article telling that iron ore mines are closing in China, reducing supply and putting upward pressure on price. http://www.mineweb.com/mineweb/content/en/mineweb-fast-news?oid=245924&sn=Detail
See the TNGL PDF pages 11 and 12. http://www.tonogold.com/i/pdf/AGM-June-23-2014.pdf Nice analysis by CEO Mark Ashley!
Look at pages 9 and 10 on the PDF. China’s demand for iron ore is increasing.
We are improving the quality of our iron ore to 61% by adding a wet mag process, page 16 on the PDF.
We are also going to start producing on the largest anomaly. This anomaly is a mountain of iron ore with large outcroppings. The iron ore here is likely more pure than the ore where we have been producing. This one single anomaly is likely enough iron ore to take this project into the arena of “world class”.
We are a producing mining company.
Joke, my last comment was just a stupid joke. Good job to Ashley. The iron ore sector is behaving exactly like he said it would and that is to our advantage for our new iron ore mine. It looks to me like a perfect storm of good news for the Tonogold future.
Or maybe we hired Mark Ashley as CEO for his psychic future telling abilities?
Iron Ore Mine Closures in China, Reduce Supply, Upward Pressure on Price.
“Daily iron ore mine closures in China mean Citigroup is bullish”
http://www.mineweb.com/mineweb/content/en/mineweb-fast-news?oid=245924&sn=Detail
“Supply in China has been decreasing,” Szpakowski said June 27, adding that there is robust support for the commodity at about $90 a ton, with prices unlikely to drop below that level. “Basically, every day there’s a new iron ore mine shutting down, so supply will continue to fall,” he said.
Between 20 percent and 30 percent of the iron ore mines in China have closed down, according to the China Metallurgical Mining Enterprise Association. Local production will decline 16 percent to 310 million tons this year and contract to 275 million tons in 2015, Credit Suisse Group AG said on June 23, citing projections for supply in 62 percent content terms.
“Every significant ore-producing province has mines shutting down,” said Szpakowski. “We think prices will continue to go up.”
Compare that article to the Annual General Meeting June 23, 2014 PDF, pages 11 and 12.
GOOD JOB TO CEO MARK ASHLEY FOR ACCURATELY PREDICTING MARKET CONDITIONS IN THE IRON ORE SECTOR.
See the Tonogold PDF here: http://www.tonogold.com/i/pdf/AGM-June-23-2014.pdf
Tonogold is about to knock it out of the park!
Since March of 2013 the stock is already up from nine tenths of a penny to nine and a half cents. That’s almost a 1,000% rise in price. And we have not seen anything yet. We have a perfect storm of events that are all happening in our favor. I expect the charts to totally change after the shareholders meeting on Monday 6/23/2014.
I think we are about to see historic, exponential rises in price and volume. I am really excited and would give this a strong buy. The Tonogold world is about to totally change.
My Top Ten Tonogold Predictions:
1. Ownership of 100% of the producing Mil-ler iron ore mine.
2. Full Reporting Status with the SEC.
3. A real promotion and awareness budget.
4. Thousands of tons or iron ore ready for shipment to China.
5. TNGL will improve the quality of our iron ore.
6. WE WILL ADD ADDITIONAL HIGH QUALITY MINING ASSETS to TNGL, and TURN OUR TONOPHA DIVIDE PROJECT into a PRODUCER.
7. The geological survey (43-101) will come in showing BILLIONS of tons of iron ore at the Mil-ler mine, capable of turning that project into a World Class Producer.
8. The universe of investors, both large and small will see TNGL as a tremendously undervalued asset with huge exponential growth potential.
9. Within 6 months the stock will be at five dollars. Within a year we will be at ten dollars.
10. 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!
Tonogold is about to step out on stage as a Fully Producing, World Class Mining Company!
Tonogold hits a GRAND SLAM!!!
West Kirkland Mining (http://wkmining.com/) has announced that they have raised 31.1 million and acquired a 75% interest in the Hasbrouck project, which sits directly next to our Tonopah Divide project. West Kirkland Mining will use 20 million to purchase their 75% interest in Hasbrouck. The remaining money 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.
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 has its flagship project of 6,700 Acre, Tonopah Divide in Tonopah Nevada. This is right next door to the Hasbrouck 3,000 Acre mine with the same type of geological terrain.
The Hasbrouck mine was previously owned by Allied Nevada. The Allied Nevada web site includes a report on the Hasbrouck mine quoting “Inferred mineral resources of 1.2 million ounces of contained gold and 29.3 million ounces of contained silver…” The link: http://www.alliednevada.com/properties/hasbrouck/index.aspx
Based on the Thursday 6/19/14 NY gold spot at $1,317 (bid) and the silver NY spot at $20.77, the numbers come out like this: Gold, 1,200,000 ounces X $1,317 = $1,580,400,000. Silver, 29,300,000 ounces X $20.77 = $608,561,000. $1,580,400,000 + $608,561,000 = $2,188,961,000. That is putting the Hasbrouck resource value at 2 billion, 188 million, 961 thousand dollars.
Tonopah Divide has 223% more acres than Hasbrouck with the same geological terrain. Multiplying the Hasbrouck numbers by 223% would put Tonogold’s Resource value at 4 billion, 881 million, 383 thousand, 30 dollars. Tonogold currently has a market cap of 18.1 million (6/19/2014) and we could potentially have over 4 billion in assets, not counting any other projects.
If you divide $4,881,383,030 by the number of Tonogold shares pre-split and pre iron ore deal (190,100,000 shares) you get a price per share (PPS) of $25.67. The same math post 10/1 split and post iron ore deal, fully diluted (200,000,000 shares), and you get a PPS of $24.40. Accounting for the 10/1 reverse split, in today’s equivalent numbers that would put us at $2.44. As I write this the stock price is at .095 cents.
I am not using these numbers to predict the future TNGL share price but to emphasis the enormous potential value of our Tonopah Divide project. West Kirkland Mining paying 20 million and putting a total of 31.1 million into the Hasbrouck project adds enormous value to our Tonopah Divide project.
Let’s look at this another way. Kirkland paid 20 million for a 75% interest in Hasbrouck (http://wkmining.com/.) If you do the math on the size difference and account for the 75% interest, Kirkland paid 20 million for what is about 1/3 the size of our project at Tonapah Divide. Currently there are 190,100,000 TNGL shares outstanding and we have a market cap of near 18.1 million. It can be argued that the Hasbrouck deal roughly gives our Tonopah Divide project a value of near $60,000,000. With 190,100,000 shares currently issued, that would give us a pre-split, pre-iron ore deal, fully diluted, PPS of thirty one and a half cents. The same math after the 10/1 split (200,000,000 shares) and the iron ore deal issue of new shares, gives us a PPS of thirty cents. That price would be equal to .0315 cents in pre split, shares.
This is why we should have had an awareness and promotion budget months ago. If we had done that, our current stock price might be holding at 20 - 50 cents or higher. Right now the market is supporting near ten cents with virtually no awareness or promotion and without anyone fully understanding our fundamentals. A higher price would have allowed us to do a private placement (PPM) at a much higher entry price. We could raise the same amount of money by creating fewer new shares. We would be diluting ourselves a lot less.
HOW COULD TNGL MANAGEMENT HAVE MISSED THE TREMENDOUS OPPORTUNITY THAT HASBROUCK PRESENTED TO US, ESPECIALLY CONSIDERING THAT HASBOUCK SITS RIGHT NEXT TO OUR PROJECT? HOW COULD WEST KIRKLAND, A CANADIAN COMPANY, HAVE RAISED 31.1 MILLION AND COME IN ON THIS OPPORTUNITY RIGHT IN OUR OWN BACK YARD? OTHER THAN PAYING THEMSELVES EXTRAVOGANT SALARIES AND GIVING THEMSELVES FREE STOCK, WHAT HAS TNGL MANAGEMENT BEEN DOING FOR THE LAST TWO YEARS?
Legendary Commodities Guru, investor and analysis Rick Rule recently wrote an excellent article on how junior minors kill themselves with “self inflicted” destruction. Rule points out that in the junior mining sector “57-58% of capital raised went to general and administrative expenses over a 5 year period. While major mining typically allocate 12–15% of project expenditures to G&A.” (TNGL HAS SPENT OVER 100% OF OUR CAPITAL ON CEO, BOARD SALARIES AND STOCK GIVE A WAYS). Rule says “The delta between what the industry allows and what the capital markets allow is a full 40%, which goes a long way to explain the chronic underperformance of the junior mining industry.” The link: http://ceo.ca/2014/06/10/how-top-commodities-speculator-rick-rule-nails-ten-baggers/
IT GETS EVEN BETTER! Consider that TNGL got control of 72% of the Tonopah Divide project along with all of its improvements for free. Look at the TNGL press release on 19 October 2012. This announced that 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
Even when basically given 72% of Tonopah Divide for free, TNGL management could not make this into something special for shareholder value. We could have been promoting our Tonopah Divide property, promoting CEO Mark Ashley past accomplishments, promoting Eddie Sugar and his involvement in TNGL, promoting the iron ore deal. We have a lot to tell the world about Tonogold. Other than running a covert, secret CIA/MI5 operation under a dome of silence, and paying themselves handsomely, what has TNGL management been doing the last two years?
There is a more detailed description of the Tonopah Divide project and its improvements on the home page of the TNGL web site: http://www.tonogold.com/s/Home.asp
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-...
When the investment world finally figures out that we exist and how undervalued we truly are, we could see our stock price catapult much higher. In spite of our apparent lack of leadership, the possibilities are growing exponentially for Tonogold.
A Perfect Storm at Tonogold * Going to Full Reporting Status!
There is a perfect storm brewing at Tonogold. Let me explain:
Full Reporting will require TNGL to submit to audits by independent accounting firms and comply with SEC disclosure regulations. The major funds cannot buy a stock unless it is at full reporting status. Full reporting and owning a producing asset will totally separate us from other pink sheet, penny junior mining stocks. Full reporting is a requirement in order to be taken seriously by many professional investors. Obtaining full reporting status is a process that takes between six months and a year, depending on how it is accomplished. Based on the fact that the TNGL press release announcing this was dated 6 November 2013. THAT WOULD PUT THE TIME LINE ROUGHLY SOMETIME AS EARLY AS MAY 2014. Please note that the press release says “as soon as possible.”
The following quote is from the TNGL 6 November 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.” A link to this 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
The Tonogold 8 May 2014 press release 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. “ You can see the press release here:
http://www.tonogold.com/s/NewsReleases.asp?ReportID=652171&_Type=News-Releases&_Title=Tonogold-To-Acquire-100-Of-Iron-Ore-Project-Mexico
I think we will find out at the June 23 shareholders meeting that the producing iron ore mine is 100% owned by TNGL. The extra shares that are being asked for, that are over the amount we were told would be needed to close the iron ore deal, are going to go toward purchasing other valuable assets for TNGL. The 10/1 reverse split will raise our stock price. And we get a significant budget to tell the TNGL story to the investment world. All of these things are happening at about the same time, creating what will be A PERFECT STORM for shareholders!
Then in a few months when we meet the requirements to list on a higher exchange, being off of the pink sheets will give us much more credibility and EVERYONE WILL BE ABLE TO BUY OUR STOCK WITH MARGIN. All of these things together will build some serious upward momentum in our stock price.
Going to a secondary exchange & Margin!
In the May 8, 2014 press release we see “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.” See the attached link: http://www.tonogold.com/s/NewsReleases.asp?ReportID=652171&_Type=News-Releases&_Title=Tonogold-To-Acquire-100-Of-Iron-Ore-Project-Mexico
Generally according to the link below, going to a secondary exchange will require that the TNGL share price go to $3.00, there be at least 4 million in shareholder’s equity and that there are at least 400 public shareholders. See this link: http://www.ehow.com/how_5130759_american-stock-exchange.html It looks to me like we already meet two out of those three requirements. The requirement that we currently do not quality for is price. That is about to dramatically change.
Once we meet these minimum requirements and are full reporting we will move onto a secondary exchange. Then Tonogold shares will be available to even more buyers and they can qualify to buy them with MARGIN!!! That means a lot more upward pressure on our share price.
Since March 2013 the TNGL price has already gone up about 1,000%. That rise was based on speculation. After the June 23, 2014 shareholders meeting the rise in share price will be based on fundamentals and it will be exponential. Fasten your seatbelts because IMHO this is about to take off a lot higher.
My Top Ten Tonogold Predictions: (new and improved 6/17/2014)
1. We will find out at the 23 June 2014 Shareholders meeting that we have all of the money we need to buy 100% of the producing Mil-ler iron ore mine; and that that deal is as good as closed. Thanks to Eddie Sugar, the big serious Wall Street money is in. Tonogold is about to step out on stage as a Fully Producing, World Class Mining Company.
2. We will also learn that we are either already or very soon be at Full Reporting Status with the SEC.
3. We will also learn that we will have a real promotion budget for an awareness and promotion campaign, and that we will be developing the TNGL company name brand.
4. We will soon find out that there are thousands of tons or iron ore ready for shipment to China; and we will see seven figures in incoming profits from those shipments on a regular basis.
5. TNGL will improve the quality of our iron ore continuing to earn profits and;
6. WE WILL ADD ADDITIONAL HIGH QUALITY MINING ASSETS to TNGL, adding to our market cap and putting upward pressure on our stock price.
7. The geological survey (43-101) will come in showing BILLIONS of tons of iron ore at the Mil-ler mine capable of turning that project into a World Class Producer.
8. The universe of investors, both large and small will start to see TNGL as a tremendously undervalued asset with huge exponential growth potential.
9. Within 6 months the stock will be at five dollars. Within a year we will be at ten dollars. That momentum will build and….
10. 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!
Since April 2013 when the TNGL story started its current new chapter the stock has risen about 1,000%. But that was just based on speculation. Once the fundaments of a producing company come into play, the rise will be exponential. We have not seen anything yet! Now is the time to back up the truck and hit the BUY Button. Mark my words. That is IMHO.
Surebob,
I have answered your questions with facts and provided you with links to give you confirmation whenever possible. You seem to ignore my answers, responding with the same questions and accusations that are not supported or based in facts. I am starting to question the intention of your questions.
Miller has a contract with a Chinese buyer who pays 95% of the contract when the ships are loaded in Mexico and 5% when the ships arrive in China. This is considered a good contract and it has produced profits for the Miller iron ore mining operation. Please see page 9 of the TNGL iron ore PDF.
Here is a link to an article dated 5/29/2014 that shows iron ore price at $96.80 and describes prices as in an oversold condition. This article tells that some analysts are predicting a relief rally in iron ore prices in the near future. They also point out that some of the more expensive, inefficient and high-polluting iron ore and steel producers are being shut down. http://www.smh.com.au/business/markets/iron-ore-relief-rally-coming-predicts-anz-20140529-396lu.html#ixzz34qFIwynV I mentioned some of these points in my previous post: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103297564
On page 8 of the Iron Ore Presentation PDF that is on the TNGL Website, http://www.tonogold.com/i/pdf/Presentation_Iron_Ore_2013_10.pdf it says in part “Ore mined is crushed to ~2 inches and processed via dry magnetic separation to produce ~58% Iron ore ? Off take agreement with Chinese producer ? Flat 18% penalty on spot price applied for product impurities ? Impurities can be reduced by milling and wet mag separation process (Future).” I do not know what the purities will come down to after the wet mag separation process is done. In my last post I pointed out several pages in the iron ore PDF that breaks down how these improvements will affect our bottom line. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103297564
The three “anomalies” that are described in the February 19, 2014 press release are basically huge mountains of iron ore. IMHO when the geological 43-101 come in on these “anomalies” it will show a much higher purity of iron ore than what we are currently producing. I am not a geologist and this is speculation on my part; but every mining professional or investor who understands resources, and who has seen this mine site comes back in awe of its potential.
The Miller iron ore mine is currently one of the largest and among the lowest cost iron ore mines in the world. Here are a couple of links that can show that this mine is one of the largest iron ore mines in the world: http://www.roadtripamerica.com/roadside/Minnesota-Hibbing-Hull-Rust-Mine.htm
Compare that link to the Miller mine:
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 read an article on Wednesday June 4, 2014 in the Financial Times, by Joe Leahy, Companies Section titled ”Vale steels itself for changing times.” That article says in part “Demand is not weak: monthly imports into China, the world’s biggest consumer, were the second highest on record in April, at 84.3m tones….” The article goes on to say “UBS has estimated Vale’s “break even” price at $76 per tonne, higher than Rio Tinto and BHP’s $47 per dmt because of the cost of shipping from Brazil to China.” Note that our cost per ton, after we make our improvements is estimated at $51.70. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103297564
This mine is one of the lowest cost producers in the world for several reasons. One being that it is in Mexico where the labor is cheaper than most other places, especially cheaper than Australia where a lot of iron ore is currently being produced. Our mine is also located only 180km from the port city of Guaymas where the iron ore is shipped. The shipping route from Guaymas to China is also one of the most direct shipping routes for iron ore to China in the world. Look at Brazils shipping routes to China as an example. Our iron ore is currently being transported by truck to Guaymas along a sealed highway that goes directly from our mine to the port. In the future the ore will be sent by train. There is a rail line that you can see in a photo on the TNGL iron ore PDF on page 16. The train in that photo is literally sitting just a few feet from the project and goes directly to the port of Guaymas. Transporting by rail will further lower our production costs. I pointed this out in my last post which you conveniently ignored. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103297564 The mine also already has water and power hook ups. Many other mines are hundreds of miles from civilization and infrastructure. Look at this presentation by Andrew Forrest and compare it to the PDF on the Tonogold website to see the difference.
http://sydneyminingclub.org/presentations/2009/november/fortescue/index.htm
http://www.tonogold.com/i/pdf/Presentation_Iron_Ore_2013_10.pdf
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103297564
I have been critical of Tonogold management for spending very little time or money telling the TNGL story to the world of investors and promoting the company. I think Tonogold management has been running the company like a secret CIA/MI5 covert operation. In my view if the company story had already been properly told our stock price currently be at 20 cents or much higher. But I think that is about to dramatically change. I am also critical of TNGL for spending what I consider to be way too much of our resources on management salaries and free stock give a ways. All of that being said, I do not think anyone at Tonogold is being criminal.
TNGL management has made going to full reporting status one of its goals and has spent time and money to accomplish this goal. Going to full reporting would make illegal activity much harder to carry out and conceal. Full reporting will require TNGL to pay for and submit to expensive audits by independent accounting firms who specialize in auditing companies according to SEC rules and regulations. Doing this is something that an honest company would do. This is the opposite of your baseless acquisitions.
Mark Ashley took his last company from 8 cents to 5 dollars. He took the company before that, LionOre from 40 cents to $27.50. When Ashley took over at LionOre it was a dormant company, when he sold the company it was the 8th largest nickel producer in the world.
Eddie Sugar has now endorsed Tonogold and is now working with us. Sugar has been involved in tens of billions worth of successful deals. He is a legend in Wall Street who is very well respected, connected and at the top of the Wall Street food chain when it comes to resource deals. Sugar is familiar with iron ore deals, having funded Andrew Forrest in 2003 when Forrest started Fortescue Metals Group Ltd, ticker FSUGY, $7.63 on 6/16/2014 with an 11.9 billion market cap. That deal turned 200 million into near 17 billion. Sugars endorsement of and involvement in Tonogold takes us to a whole higher level that (as far as I know) no other pink sheet junior mining company can lay claim to. See some of Sugars background here: http://investing.businessweek.com/research/stocks/people/person.asp?personId=118598545&ticker=WTG:CN
If you have any evidence that anyone involved in TNGL is involved in any criminal activity please immediately contact the SEC and provide them with your facts. You have made serious accusations that could destroy lives, careers and the investment capital of wealthy and mom and pop investors. Please do not make such serious accusations or raise these types of questions if they are baseless and cannot be backed up with evidence, facts and confirmation.
I looked on your profile on this board and see that you have posted 2,015 times. Seven of those times have been regarding Tonogold and 2,008 times you posted regarding Cotton & Western Mining (CWRN). I am sorry if you lost money in CWRN or if their management committed crimes for which they went to prison. I can assure you that while Tonogold management is far from perfect, they are not criminal. Tonogold is currently a little, undervalued, penny stock, junior mining company that is about to become a World Class Major Mining Company. Perhaps you can make up for any losses you had in CWRN by buying TNGL stock now, when it’s still an undervalued bargain?
Since Tonogold management has totally failed to have any Investor Relations or Public Relations and is so far running this company like a secret cover CIA/MI5 operation, I will be happy to answer your on ownership of the Mexico Iron Ore mine. May I direct you to page four of the Iron Ore Presentation PDF that is found on the Tonogold website. Here is a link: http://www.tonogold.com/i/pdf/Presentation_Iron_Ore_2013_10.pdf Quoting” Currently privately owned by two groups – US individuals (50%) and major Mexican construction company (50%)” From what I know the mine is currently owned by a Mexican family that owns a construction company (50%) and Travis Miller who, along with a small number of American investors own 50%. Miller is currently controlling and running the mining operations.
Tonogold has been working a deal to buy 100% of the iron ore mine. I don’t know the details of that deal but am expecting that to be announced, likely at the 6/23/14 shareholders meeting. The deal will likely be a combination of cash paid by Tonogold to the current owners, along with some Tonogold stock. If the shareholders vote at the meeting to increase the number of post reverse split shares to two hundred million (200,000,000) some of those shares will be used in the purchase of this iron ore mine.
The May 8, 2014 press release said that they would need a total of post reverse split 102,800,000 shares to close this deal. I am guessing that they are going to use the additional 97,200,000 shares to purchase future projects as they become available. It has been stated in numerous Tonogold documents and at meetings that a goal of TNGL is to acquire additional assets as they become available. Doing this will increase our market cap and put upward pressure on our stock price. Our goal is to take TNGL off of the penny stock pink sheets and turn it into a World Class Major Mining Company listed on a higher exchange.
Eddie Sugar, who owns EAS Advisors has recently endorsed Tonogold and is helping us raise the capital needed to close this deal. See the Tonogold May 8, 2014 press release: http://www.tonogold.com/s/NewsReleases.asp?ReportID=652171&_Type=News-Releases&_Title=Tonogold-To-Acquire-100-Of-Iron-Ore-Project-Mexico Sugar has been involved in tens of billions worth of successful deals. He is a legend in Wall Street who is very well respected, connected and at the top of the Wall Street food chain when it comes to resource deals. Sugar is familiar with iron ore deals, having funded Andrew Forrest in 2003 when Forrest started Fortescue Metals Group Ltd, ticker FSUGY, $7.63 on 6/16/2014 with an 11.9 billion market cap. That deal turned 200 million into near 17 billion. Sugars endorsement of and involvement in Tonogold takes us to a whole higher level that (as far as I know) no other pink sheet junior mining company can lay claim to. See some of Sugars background here: http://investing.businessweek.com/research/stocks/people/person.asp?personId=118598545&ticker=WTG:CN
Here is a link to the Tonogold web site: http://www.tonogold.com/s/Home.asp
You can look at numerous PDF’s and press releases here.
Here is a link to the OTC Markets web site. Enter in Tonogolds symbol “TNGL” and click on “Filings & Disclosures”. You will find a lot of good information about Tonogold on this web site. http://www.otcmarkets.com/stock/TNGL/quote
The Tonogold shareholders meeting will be on Monday, June 23, 2014 at 11:00 AM. See this link:
http://www.otcmarkets.com/financialReportViewer?symbol=TNGL&id=121822
The Signs of New Life for Junior Minors
http://www.buygoldco.com/signs-life-junior-miners/
George Soros Goes Long Junior Minors
http://www.buygoldco.com/soros-not-worried-junior-minors/
This is from May 17,2013 but still very appropriate.
Surebob,
Thank you for your query. It gives me a chance to point out some real numbers on the Tonogold production costs and iron ore prices.
Look at the Iron Ore Mil-ler mine PDF on the Tonogold web site: http://www.tonogold.com/i/pdf/Presentation_Iron_Ore_2013_10.pdf
May I direct you to page 17 “Indicative cost per tonne savings with additional treatment facilities.” We are currently in the process of upgrading the processing facilities to produce a higher quality product and reduce the penalty on each ton (page 8, 13 & 17 on the PDF). We are basically adding a procedure that will make the iron ore more pure and thereby increase the amount that we are paid per ton. We are also going to switch from transporting our iron ore to the nearby port with trucks to rail transportation. There is a rail line that you can see in a photo in the PDF on page 16. The train in that photo is literally sitting just a few feet from the project. These changes will reduce our cost of production and increase our profits per ton. The changes will put our cost per ton at $51.70 (estimate, page 17).
On June 13, 2014 iron ore with 62 percent iron content being delivered to the port of Tianjin in China was paid $90.90 a dry ton. $90.90 - $51.70 = $39.20 per ton profit (estimate). Iron ore prices have fallen over the last six months or so. I have been told that our production cost are 60% less than all other iron ore producers in the world and 100% less than all of the major iron ore producers in the world. I don’t have a link to prove that but the point is that we are among the lowest producers of iron ore in the world. If prices fall further it will put the higher cost producers out of business. That would reduce supply and prices would then rise or at least stabilize.
“Iron ore is used to produce steel and represents just under 95% of all metals used” (page 24). Even if the world wide economy gets much worse, the need for iron ore is not going to go away. We are one of the world’s lowest cost producers and will be there to supply the world with its iron ore needs. There is also some significant risk that military conflicts will escalate. I hope that does not happen but if it does; we will be there to supply the iron ore that will be needed for that challenge. There is always opportunity in risk.
JoeBlow110percent
Top Ten Reasons For $5.00 a Share Within Six Months!
1. Since March 2013 we are already up 1,000%.
2. We are about to own 100% of the producing Mil-ler iron ore mine in Mexico. One of the largest iron ore projects in the world.
3. We are about to be at Full Reporting Status with the SEC allowing the big funds and serious investors to buy.
4. Thanks to Eddie Sugar, the big serious Wall Street money is in. Tonogold is about to step out on stage as a Fully Producing, World Class Mining Company.
5. We are about to learn that we will have a real promotion budget. The investment world is going to know about are awesome fundamentals and exponential growth potential.
6. We will soon find out that there are thousands of tons or iron ore ready for shipment to China; and we will see seven figures in incoming cash from those shipments on a regular basis.
7. TNGL will continue to earn revenue and to add high quality mining assets, adding to our market cap and putting upward pressure on our stock price.
8. The iron ore geological survey (43-101) will come in showing BILLIONS of tons of iron ore at the Mil-ler mine capable of turning that project into a World Class Producer.
9. The universe of investors, both large and small will see TNGL as a tremendously undervalued asset with huge exponential growth potential.
10. Within six months, some of the biggest mining companies in the world will come calling, looking at an outright buy out of Tonogold.
If your smart you will buy the stock now before the June 27 shareholders meeting and the TNGL world totally changes. Copy and paste or send a link to this to your family and friends!
Much Higher Prices are Within Reach!
A month or so ago the TNGL price spiked up to 19 cents. My phone was ringing off the hook with clients, friends and family who were asking “is it too late for me to get in on that Tonogold!” The excitement was huge. But the volume was so light that the very next day everything retraced back to five and a half cents. Everyone lost interest. What many people may not realize is that that spike to 19 cents was on 1,000 shares being traded. 1,000 shares at 19 cents only comes to $190. On any given day there are only a few thousand shares available at the “ask” at higher prices.
Look at a Level 2 screen on any given day and you will find maybe 10,000 shares at near ten cents, another ten thousand at an ask of 19 cents, then 5 or 10 thousand at fifty cents; and sometimes another 10 thousand at ninety cents or a dollar. My point is that if we had some volume through awareness and promotion, we would likely already be at much higher numbers.
Imagine how much easier it would be to raise private placement money if the stock price were at 50 cents or higher, with volume. At 50 cents we could raise the private placement entry price to 40 cents. We could raise the same amount of money by issuing a lot fewer new shares. There by diluting the current shareholders a lot less. Remember as it stands now, current shareholders own 100% of TNGL. After we do this iron ore deal current shareholders will only own 19% of TNGL stock. (Read the 8 May 2014 PR) Current shareholders are getting diluted twice, once by the iron ore deal and again by the 10/1 reverse split. The failure to raise the stock price on good volume has diluted our positions. TNGL management has generously paid themselves while they are diluting the shareholders. This has cost us money. If we were telling the investment world about our company we could already be at much higher prices than we are now.
Don’t get me wrong. I am extremely bullish on Tonogold. I believe that everything in the TNGL world is about to change. Look at the Tonogold shareholders meeting on 27 June 2014 as the launch date for a whole new chapter in Tonogold’s history. We are about to go to the moon.
I am also a major shareholder and have put my friends, family and some clients into TNGL and none of us have received any material for the June 27, 2014 shareholders meeting either. I think it is another State Secret that is only being discussed under the Tonogold Dome of Silence!
My Top Ten TNGL Predictions.
Since management is not singing the praises of TNGL I would like to help get the word out as much as possible. Please share my post with anyone you know who may be interested in buying Tonogold stock. Let’s tell everyone that NOW, just before the fundamentals really take off, is an incredibly great time to take a position in TNGL.
My Top Ten List for Tonogold:
1. We will find out at the 27 June 2014 Shareholders meeting that we have all of the money we need to buy 100% of the producing Mil-ler iron ore mine; and that, that deal is as good as closed.
2. We will also learn that we are either already or very soon be at Full Reporting Status with the SEC.
3. Thanks to Eddie Sugar, the big serious Wall Street money is in. Tonogold is about to step out on stage as a Fully Producing, World Class Mining Company.
4. We will also learn that we will have a real promotion budget for an awareness and promotion campaign, and that we will be developing the TNGL company name brand.
5. We will soon find out that there are thousands of tons of iron ore ready for shipment to China; and we will see seven figures in incoming cash from those shipments on a regular basis.
6. TNGL will continue to earn revenue and to add high quality mining assets, adding to our market cap and putting upward pressure on our stock price.
7. The geological survey (43-101) will come in showing BILLIONS of tons of iron ore at the Mil-ler mine capable of turning that project into a World Class Producer.
8. The universe of investors, both large and small will start to see TNGL as a tremendously undervalued asset with huge exponential growth potential.
9. Within 6 – 9 months the stock will be at five dollars. That momentum will build and….
10. 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!
Since April 2013 when the TNGL story started its current new chapter, the stock has risen about 1,000%. But that was just based on speculation. Once the fundamentals of a producing World Class company come into play, the rise will be exponential. We have not seen anything yet! Now is the time to back up the truck and hit the BUY Button. Mark my words. That is IMHO.
What are the Details on the Shareholders meeting?
I thought that I read that the shareholders meeting was next Saturday 6/14/14. Is that true? Does anyone know the details, when, where etc...? Or if there is even going to be a shareholders meeting at all?
Phenomenally Important Fundamentals
My biggest concern is that CEO Mark Ashley has run the company like a covert operation. Hardly anyone knows that TNGL even exists. Our great press releases are falling on deaf ears. Almost no one understands or knows about our fundamentals. I believe that this is about to radically change and I want to help bring that change about by pointing out some of the phenomenally important fundamentals at Tonogold.
TNGL for the last ten years has not produced anything. (Please correct me if I am wrong?) A ten year chart of TNGL will show you a penny stock that has not produced anything. While it is very true that looking at charts is an excellent way to do technical analysis. It is also true that fundamental analysis is very important. And TNGL's has some serious fundamentals that add a lot more to the picture.
Let’s look at Tonogold CEO Mark Ashley's accomplishments at LionOre. Ashley took LionOre from a non producing dormant company and turned it into the 8th largest nickel producing company in the world. The stock started at 40 cents and ended at $27.50. That’s a 6,875% Return On Investment. $1,000 invested turned into $67,500. http://www.cnbc.com/id/18813361
http://www.24hgold.com/english/infocompany.aspx?id=4801014D5010&market=LIM.TO
This accomplishment made Ashley into a mining industry legend. Ashley, with his 30 years of mining experience was looking at buying numerous other mining assets for TNGL. When he saw the iron ore mine, he focused all of his attention on purchasing this mine for TNGL.
IMHO, TNGL is about to announce that they are going to own 100% of that PRODUCING iron ore mine; that could potentially contain between ONE AND FIVE BILLION TONS OF IRON ORE.
Right now TNGL has about a ten million dollar market cap. Once TNGL owns 100% of that iron ore mine and we come in with our updated geological numbers, I have done the math, I estimate that we are looking at a market cap in the hundreds of millions.
TNGL is about to announce that they are going to Full Reporting Status? Full Reporting status will allow the serious investors, the big hedge and pension funds to buy the stock. Full Reporting is what will distinguish TNGL from all the other junior mining stocks. I would bet body parts that we already have some serious Wall Street money in TNGL. The investing world and general public has not yet figured this out. When they do the stock price will reflect Tonogold’s new reality; and those of us who got in early will profit the most.
The iron ore mine is not the only valuable asset that is going to be in TNGL. Tonogold has stated in their previous public statements that they intend to purchase numerous other valuable assets as opportunities become available. Our goal is to become a major mining company.
Eddie Sugar and his company EAS are now endorsing TNGL and our purchase of the iron ore mine. EAS has been involved in over 2.5 billion worth of successful transactions since their inception in 2008. Sugar in his career has closed near 7 billion in deals. SUGAR IS FAMILIAR WITH IRON ORE DEALS, HAVING FUNDED ANDREW FORREST IN 2003 WHEN HE STARTED FORTESCUE METALS GROUP Ltd, ticker FSUGY, $9.85 on 4/1/2014.
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 15.4 billion. 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.
LET ME REPEAT HERE THAT ANDREW FORREST STARTED FORTESCUE METALS GROUP IN 2003 FROM NOTHING. AND WITH EDDIE SUGARS HELP FORREST AND FORTESCUE ARE NOW WORTH NORTH OF 20 BILLION DOLLARS. Sugars endorsement of TNGL takes us into a much higher level that most of us cannot even imagine! This likely has already brought TNGL some serious Wall Street cash. IMHO our little penny stock is about to become a world class producing mining company.
Here is Eddie Sugars endorsement of TNGL from our 8 May 2014 press release.
“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."”
Eddie Sugar, EAS links:
http://www.easadvisors.com/
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
I suggested to a friend that he buy a small position in TNGL a month or so ago when he could have bought 10,000 shares for $649 at 6.5 cents. My friend could have already easily sold those shares for at least ten cents realizing a 55% ROI. Compare that to Gold or the S&P! The price of TNGL even spiked up to nineteen cents for one day. It was near fifteen cents for a few days. My friend might have been able to scale out of his position at even higher returns. For me I am in this for the bigger long term gains. I think TNGL is going to be a five or ten dollar stock. Those are my profit targets!
Herscu1, If you want, just give up and sell your shares. I want a good return on investment and I know that with the proper leadership Tonogold can deliver that. TNGL is not even doing the basic stuff that other mining companies are doing. Spending $6k on promotion is pathetic. All we are doing is paying our CEO and board members over a million dollars a year when the company has no income. And when the volume is so weak that we cannot sell our shares for a profit even if we wanted to.
Come on Mark Ashley, how about promoting the stock!
Lack of volume = Mark Ashley Failure
Why should there be volume when no one knows that TNGL even exists? Ashley should be working for the CIA running covert operations!
The lack of volume is a testament to Mark Ashley's utter failure as CEO.
Ashley and the current Board are paying themselves handsomely $346,062 in wages (2013). If you add in the 2012 numbers, wages come to $546,692. Plus Ashley and his wife have been given ten million shares at a value of $463,000 for free. That is a total of $1,009,692. At the same time they have cut the promotion budget in half from a measly $13,314 to a laughable $6,615.
Considering that currently TNGL does not have any income, I think this situation is completely ridiculous. These guys seem to think that Tonogold exists to pay them a nice salary while the shareholders are left holding the bag. The purpose of raising private placement money is to promote the company and acquire income producing assets that will add to shareholder value. It is not to give over a million dollars in salaries and free stock to executives. This is totally unacceptable.
In the Tonogold Financial Statement for the years ended December 31, 2013 and 2012 it says: “Note 11. Employment agreement: In March 2013 the Company entered into an employment agreement with the Chief Executive Officer that includes PROMOTING THE COMPANY’S INTERESTS….. Remuneration was set at $192,000 per year and the issue of warrants (see Note 10).” In my opinion Ashley is clearly not “PROMOTING THE COMPANY’S INTEREST”.
http://www.otcmarkets.com/financialReportViewer?symbol=TNGL&id=118129
I don’t know what benefit to shareholds equity Ashley may be providing behind the scenes? I do know that he said in writing that the iron ore deal would close last December and then for months we heard nothing. I understand that the current deal is much better, but for months we were all left hanging in the dark with nothing. I put clients, friends and family into TNGL and was asked a lot of reasonable questions that I could not answer because of Ashley’s refusal to communicate with shareholders.
Unless Ashley can pull a rabbit out of his hat the millions of shares that I control are voting at the shareholders meeting to fire Mark Ashley for gross non performance.
I propose that the next CEO should be retained with a fair but modest salary and a performance based stock option bonus.
Surebob,
Thanks for your questions and for the opportunity to point out some important distinctions about TNGL.
Google says that 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. In the early 1940’s the Grand Canyon of the North was providing America with nearly 25% of all of its iron ore.
http://www.roadtripamerica.com/roadside/Minnesota-Hibbing-Hull-Rust-Mine.htm
The Mil-ler mine has: “Three strong and significant magnetic anomalies ….. EACH ANOMALY IS OVER 5 kms (3.1 MILES) LONG AND UP TO 2 km (1.2 MILES) – EACH HAVING THE POTENTIAL TO TRANSFROM THIS PROJECT INTO A WORLD-CLASS IRON ORE PRODUCER.”
“The initial $5 million investment contemplated by Tonogold will be used to fund a 4 month, major drill program to test one of these anomalies.”
“The area covered by this forthcoming drill program, (4,500,000 square meters), is some 33 times larger than that which hosts the deposits currently being mined, providing an order-of-magnitude of THE POTENTIAL FOR A QUANTUM INCREASE IN IRON ORE PRODUCTION IN THE FUTURE.”
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
My math shows that the Mil-ler mine is bigger that the Grand Canyon of the North mine. Look at the pictures on the PDF and you will see large black rocks of iron ore all over the place. Early estimates are putting the amount of iron ore at between 1 billion and 5 billion tones.
The point is that this is likely to become a huge World Class Iron Ore Producer. And you can currently still buy shares for near ten cents!
Have you ever seen what a World Class iron ore mining operation looks like? Check out this link: http://sydneyminingclub.org/presentations/2009/november/fortescue/index.htm
After you watch that compare it to the TNGL PDF on the Mil-ler mine’s current operations. That will give you an idea of where I think TNGL is going. http://www.tonogold.com/i/pdf/Presentation_Iron_Ore_2013_10.pdf
The Mil-ler mine is already producing and selling iron ore. They are increasing production quantity and adding a purification process to make the ore higher quality and thereby increase the profits per ton.
The Mil-ler mine also operates at a cost that is 60% less than all of the other iron ore mines in the world. It is next to a prebuilt rail line, and already has water and power on the property. Mil-ler is also located very close to a major city with a sizable workforce and a port capable of shipping large quantities of iron ore.
The current 43-101 drill program is underway on one of the three significant anomalies at the Mil-ler mine. This should be completed in four months. Once that information comes out it will be reflected in the stock price of TNGL.
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 is Eddie Sugar who in his career has closed near 7 billion in deals. SUGAR IS FAMILIAR WITH IRON ORE DEALS, HAVING FUNDED ANDREW FORREST IN 2003 WHEN HE STARTED FORTESCUE METALS GROUP Ltd, ticker FSUGY, $9.85 on 4/1/2014.
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 15.4 billion. 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.
http://ih.advfn.com/p.php?pid=nmona&article=61677036&xref=newsalert
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 is a well know, some would even say a legend on Wall Street. SUGARS INVOLVEMENT WITH TNGL IN THE CLOSING AND FUNDING OF OUR IRON ORE DEAL HAS MOVED TNGL INTO THE REALM OF WORLD CLASS. Sugar has access to serious, World Class funding. The rumors that I hear are that all of the funding is in place. The Full Reporting is nearly completed. All we are waiting for is a vote from the shareholders on June 14, 2014.
Can we believe TNGL management? TNGL management is taking us to Full Reporting status. That will require a lot more disclosures and reporting requirements including regular audits by third party, impartial accounting firms who specialize in following SEC regulations. Also consider that everyone who goes to the mine comes back with the same picture. Travis Miller who is an owner of the mine thinks it is a great opportunity. John Perez of Comstock Royalty who is the current operator and an owner thinks it is a great opportunity. John Perez of Comstock Royalty started representing this mine in 2010. Perez thinks this is a great mining opportunity. When Mark Ashley saw this mine he was so impressed that he put all of his efforts into acquiring this project. Ashley even described the Mil-ler mine as the best mining opportunity that he has seen in 29 years of mining.
Look at this quote from Eddie Sugar in the 8 May 2013 press release: “…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
Remember that Eddie Sugar funded Andrew Forest when he started Fortescue Metals back in 2003. Sugar is not a new comer to iron ore mining and taking on inferior projects would kill Sugars career. Sugar has a reputation with serious money on Wall Street. He would not take this project on if he did not believe in both TNGL management and our asset.
So far as I know, every major investor or participant who looks at this mine walks away thinking that this is one of the best mining opportunities that they have ever seen.
Tonogold is a small, non producing junior mining company that is in the process of moving into the big time. Price is a lagging indicator and will eventually catch up. The good news for us is that we can still get in on the ground floor and buy the stock for near ten cents!
Meet Mining's Top Billionaires.
Andrew Forrest is the founder and still owns near 33% of Fortescue Metals Group. 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 15.4 billion. 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. Fortescue Metals Group was started in 2003 with money from Eddie Sugar who is now involved in TNGL.
http://www.forbes.com/profile/andrew-forrest/
http://www.smh.com.au/business/earnings-season/forrest-pockets-102m-fortescue-dividend-20130822-2scz0.html
http://www.news.com.au/finance/business/forrest-says-china-growth-bigger-than-ever/story-e6frfkur-1226689684843
Gina Rinehart is currently developing one of the world's largest iron ore mines. Rinehart is number 46 on Forbes billionaire list with a worth of 18 billion.
http://www.forbes.com/profile/gina-rinehart/
http://www.theguardian.com/business/2014/mar/21/gina-rinehart-secures-funding-to-operate-her-own-iron-ore-mine
Meet mining’s top ten billionaires for 2014:
http://www.miningaustralia.com.au/features/mining-s-top-ten-billionaires-for-2014
Meet mining’s 40 richest billionaires:
http://www.mining.com/tag/2012-mining-billionaires/
If in fact the big investors are inked in on this deal, they would likely require a significant budget for investor relations and public relations. The big investors know that we grow or we die and they are not going to put in serious money without some promotion in the budget. I think that after the shareholders meeting everything in the Tonogold world will change.
Everyone will look back at ten cents and see it as about as close to free as it gets!
The Next Big Thing!
If you want to know what is going on I suggest you go to the Tonogold web site http://www.tonogold.com/s/Home.asp and read everything. Read the filings at http://www.otcmarkets.com/news/otc-news I typically download and print out all of that stuff, read them, hi lite, and re read them multiple times. Read what is posted on the boards. If you have a brain you will be able to figure out good information verse ranting on the boards.
Here is a summary of what I think are important issues and what I speculate as to what is going on.
Look at the document from the annual share holders meeting 10/18/13. It lists the owners of TNGL stock as of October 2013, with 26% being Australian. Then look at my update on Eddie Sugar that is posted on this board titled “The big money is already in”. I do not have any inside information. Just come to your own conclusions. I think that some of the world’s biggest iron ore producers are already involved in TNGL. Once we own 100% of the Mil-ler mine, I suspect that involvement will increase. IMHO, I am just speculating here. DO THIS RESEARCH!
I think all the money TNGL needs to close the iron ore deal is already in and is only waiting for a vote from the share holders at the June 14 meeting. IMHO the hedge fund money is already inked into this deal. I think that vote will basically put us at full reporting status, authorize the reverse 10:1 split and will close the purchase of the iron ore mine. I think we are only waiting for the Shareholders meeting on June 14 to vote on this stuff and then, IF THEY ACTUALLY PROMOTE or at least MAKE THE BIG INVESTORS AWARE OF TNGL, we will be off to the races. Nothing ever happens overnight but that is where I think we are going. This is all my speculation.
After that TNGL will be a producing/profitable mining company, we will continue to look for other asset opportunities to buy and will grow into a major mining operation. That is if we are not first bought out at a profit to the early share holders. TNGL will increase production on the iron ore mine, increase the iron ores purity and reduce production expenses, all are already in process. TNGL will also be finishing the geological survey of assets in the ground, known as a 43101 in specific areas on the 135 square mile mine site. See the latest press release for details on that. That information will prove assets in the ground and give us a bankable valuation document.
Read the Feb 19, 2014 TNGL press release: “Three strong and significant magnetic anomalies (shown as the darker areas in the diagram) have recently been identified on tenements held by Mil-ler. At least one of these anomalies is coincidental with major iron ore outcropping. Each anomaly is over 5 kms (3.1 miles) long and up to 2 km (1.2 miles) – EACH HAVING THE POTENTIAL TO TRANSFORM THIS PROJECT INTO A WORLD-CLASS IRON ORE PRODUCER.” (Emphasis added by me)
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...
Look at my board update titled “I just goggled the world’s largest iron ore mines”. The world’s largest open pit iron ore mine is called "Grand Canyon of the North". It is 3 miles long by 2 miles wide and 540 feet deep. More or less the same size as just one of the three "anomalies" found on the TNGL iron ore mine in Mexico. Consider that the Grand Canyon of the North mine provided America with 25% of its iron ore in the 1940’s. When you look at the maps of the Mil-ler Mine and see the three magnetic anomalies; what you may not understand is that these are MOUNTAINS of black magnetic rock (iron ore). Plus the Mi-ler mine has black magnetic rocks of iron ore all over the place with a large out cropping of black magnetic rock (iron ore).
Some early estimates are putting the amount of iron ore at the Mil-ler mine at between 1 and 5 billion tones. Those are unconfirmed rumors that I have heard. After making some improvements to production we should be making near $40 profit on every ton produced. DO THE MATH! I come up with between $40,000,000,000 - $200,000,000,000. That’s between forty and two hundred billion in profits to the company who mines that. Please check my math. That’s in today’s dollars, which as you know, prices are always changing, but that should give you an idea of the magnitude of this project’s potential.
Some other details from the iron ore PDF to note: There is a rail line, power and water connected or next to the mine site. There is also a major Mexican city with a substantial work force very close to the mine site. This city contains a port facility that is already loading iron ore shipments to China. Now compare that with the mine presentation here: http://sydneyminingclub.org/presentations/2009/november/fortescue/index.htm
And combine that with the fact that the Mil-ler mine is in Mexico where the labor cost are a lot less expensive than many other places in the world and you have tens of millions if not hundreds of millions in cost savings. Look at the PDF of the iron ore mine. This mine operates at a cost that is less than 60% of all other iron ore mines in the world. And the kicker is that they are already producing iron ore with a very favorable contract.
I would also read my board update titled “largest iron ore mine in N. America and Mexico combined!” I reposted that one today (Sat 5/24/14). Hopefully that will answer your question or at least give you some places to start doing more research.
Also consider, TNGL CEO Mark Ashely took LiorOre Mining International (1994 – 2006) 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. http://www.cnbc.com/id/18813361
http://www.24hgold.com/english/infocompany.aspx?id=4801014D5010&market=LIM.TO
The current problem with TNGL is that there is a lack of sustainable volume. But consider that a few weeks ago the TNGL price went from 9 cents to 19 cents on a volume of 1,000 shares being traded. That is a one day 100% gain in stock price. Look on your broker site for how many shares on any day, are available at the ask price. It is usually a small number, maybe near 10,000 shares. At 9 cents we are talking near $900 worth of stock. Once we are producing and profitable, imagine what will happen when the big investors start buying shares. The big investors and hedge funds are not going to buy 10,000 shares at $900. They will want large blocks of shares. IMHO the share price will go crazy and we will see a repeat of what happened at LionOre.
Americans love to buy high. Hardly any of my friends wanted to buy TNGL when it was three cents, or five cents, not even when it hit 9 cents. But when it hit 19 cents my phone rang from people asking if it was “too late” for them to get in. Then price pulled back and they lost interest. Once price starts moving higher in a sustainable fashion we will see more volume, both buyers and sellers. That’s when things will get exciting.
Nothing like reducing the supply of stock by doing the 10:1 split while at the same time increasing demand!
The keys: We have to have producing/profitability and we have to PROMOTE that producing/profitability asset along with our managements past achievements. Once we do that the TNGL world will change. INHO if you want to know what is going to happen at TNGL just look at LionOre.
INHO any TNGL price near ten cents is almost free.
LARGEST IRON ORE MINE IN N. AMERICA & MEXICO COMBINED !
TNGL will soon have a 100% OWNERSHIP in the LARGEST IRON ORE MINE IN NORTH AMERICA AND MEXICO COMBINED at 135 square miles. This is a fully producing iron ore mine. This mine currently has a “pilot” project that is producing iron ore that is being sold to China. Mil-ler is in the process of doubling the production rate and increasing the purity of the iron ore being produced. Mark Ashley said at the last shareholders meeting that this project presents the best mining opportunity that he has seen in his entire career.
You can see a PDF on this project here: http://www.tonogold.com/i/pdf/Presentation_Iron_Ore_2013_10.pdf
Here is a brief quote from the 2/14/2014 TNGL press release, talking about the Mil-ler mine:
“Investment opportunity Three strong and significant magnetic anomalies (shown as the darker areas in the diagram) have recently been identified on tenements held by Mil-ler. At least one of these anomalies is coincidental with major iron ore outcropping. Each anomaly is over 5 kms (3.1 miles) long and up to 2 km (1.2 miles) - each having the potential to transform this project into a world-class iron ore producer.”
Look at the map here:
http://www.tonogold.com/i/misc/2014-02-19_NR-Fig1.jpg
THE BLACK ANOMALIES ON THE MAP ARE LITERALLY MOUNTAINS OF IRON ORE. No one knows how deep these go or how much iron ore is contained in them. The geological studies on the one in the upper left is underway now.
Question:
Have you ever seen what a “world-class” iron ore mine looks like?
The below link is a presentation by Andrew Forrest on a Fortescue Metals Group Ltd project in the Australian Outback. To my knowledge, Andrew Forrest and the Fortescue Metals Group are not currently involved in TNGL or the Mil-ler mine in Mexico. This link is offered only as an example of what a world class iron ore mining operation looks like.
http://sydneyminingclub.org/presentations/2009/november/fortescue/index.htm
Compare the two mines. Notice the trucks and equipment at the Mil-ler mine are about the size of equipment you might see on your local highway. In the Australian example the equipment is the size of small office buildings. The operation in Mexico is a “pilot project” with the potential to be turned into a world class operation.
Notice something else that is significant. In the Australian example the location had absolutely no infrastructure and was miles from civilization. Roads, sewers, power, water, workers, living quarters, a rail way and a port, everything had to be shipped in and built from scratch. The Mil-ler mine is near a major port city with a large available work force. The labor cost in Mexico are so low and the location is so close to a port that this mine operates at a cost that is about 60% less than the world average for iron ore mines. There are power, water, roads and a rail line directly to the Mil-ler property. Much of the costly infrastructure is already in place and this mine is already producing.
In Mark Ashley’s last company LionOre a one thousand dollar investment turned into $67,500. Tonogold (TNGL) is IMHO a buy. It is almost free at ten cents.
The big money is already in?
According to the below Tonogold news release, EAS is now involved with Tonogold.
http://ih.advfn.com/p.php?pid=nmona&article=61677036&xref=newsalert
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 who in his career has closed near 7 billion in deals. SUGAR IS FAMILIAR WITH IRON ORE DEALS, HAVING FUNDED ANDREW FORREST IN 2003 WHEN HE STARTED FORTESCUE METALS GROUP Ltd, ticker FSUGY, $9.85 on 4/1/2014.
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 15.4 billion. 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
There are a lot of messages in this. IMHO I think that the big money has already arrived.
I just googled the worlds largest iron ore mines and found one listed as the worlds largest Open Pit Iron Ore mine in Northern Minnesota called "Grand Canyon of the North". It is 3 miles long by 2 miles wide and 540 feet deep. More or less the same size as just one of the three "anomalies" found on the TNGL iron ore mine in Mexico. And the Grand Canyon mine, at its peak in the early 1940's was providing nearly a quarter of all US mined iron ore.
http://www.roadtripamerica.com/roadside/Minnesota-Hibbing-Hull-Rust-Mine.htm