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Wednesday, July 02, 2014 4:55:37 PM
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.
Shipments of iron ore to China are ongoing. Thanks to Comstock Royalty for the video.
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