Tonogold Resources Inc (TNGL)

[surebob]

Mil-ler made three shipments to China during 2013, totaling 80,000 WMT of Iron Ore at an average grade of 57% Fe, and received about $100 per tonne (gross). Costs of around $61/t include mining, processing, road transport to the Port of Guaymas, port fees and cost of shipping to China.

There is no way in the world that shipping cost were 20 per ton based on 3 shipments totaling 80,000 tons as stated on their website. Handymax ships or smaller is north of 30-35 per ton.
Even Panamax ships of 75,000 is 22 to 25 per ton