Tonogold Resources Inc (TNGL)

[joeblow110percent]

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.