Tonogold Resources Inc (TNGL)

[joeblow110percent]

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!