Tonogold Resources Inc (TNGL)

[joeblow110percent]

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?