Tonogold Resources Inc (TNGL)

[joeblow110percent]

The Most Important Thing

From what I hear from the Shareholders meeting!

The most important thing going on now is the drilling program. The purpose of the drilling program is to prove how much iron ore is in the ground by identifying the “Blocking Reserves.” Once Blocking Reserves are identified it is a bankable document. This is what the big funds and any major mining company who might be interested in buying us out will want to see. The drilling program is what will put the most upward pressure on the stock price.

We are talking within days we will see the investor money coming into TNGL. When that happens we will start an elecromagnetic assessment of the property by flying airplanes with magnetic reading instruments in them over the property. This will create a magnetic map. This process will take about three weeks. The geologist then put dots on the magnetic map. Those dots are areas where they will drill. At this point they will IMMEDIATELY start drilling, three drills running 24/7. The drills are already in place and waiting for instructions. The drill program will include 375 holes. See page 17 of the PDF: http://www.tonogold.com/i/pdf/AGM-June-23-2014.pdf That is a huge drilling program, especially considering all of those holes are going into just the one large anomaly circled in yellow. See page 17 on the PDF.

We could potentially be looking at over 500 million tons of iron ore on just that one anomaly. And that anomaly is only a tiny part of the entire project. Some people think there are between one and five billions of tones of iron ore on the property in total. Any of those results would make the value of the iron ore mine go up exponentially, maybe even higher than CEO Mark Ashley’s $2.31 a share projection found on page 19 of the PDF.

Look at this link as to what Google describes at the “world’s largest open pit iron ore mine” and compare that to our three big anomalies. http://www.roadtripamerica.com/roadside/Minnesota-Hibbing-Hull-Rust-Mine.htm This is why TNGL management keeps saying that this has the potential to turn into a “world class” mining project.

On 6/27/14 the stock price was at .085 cents and our market cap was at 16.2 million. Ashley’s projection numbers from our current price of near .085 cents would be a 2,710% Return On Investment (ROI). The numbers from the .009 cents, where TNGL was when Ashley came on board as CEO and we are talking a 25,600% ROI.

If those numbers seem unreal just think about Mark Ashley’s stats from when he was CEO at LionOre. Ashely took LiorOre Mining International (1994 – 2006) from $0.40 cents to $27.50. One thousand dollars invested would have turned into $68,750. That is a 6,875% ROI. LionOre was a dormant company and Ashley turned in into the 8th largest nickel mining company in the world. A 20 million market cap turned into 6.26 billion.

Tonogold (TNGL) is about the most undervalued deal out there.