Tonogold Resources Inc (TNGL)

[joeblow110percent]

Silver - Why Ashley is the Messiah of Mining?

Not only is it looking like iron ore price are due for a serious rebound http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104786573 but also the precious metal prices are shaping up for a big run higher. Mark Ashley’s previous experience on the World Gold Counsel may have given him some insight into seeing future trends with the metals. http://www.tonogold.com/s/NewsReleases.asp?ReportID=578820&_Type=News-Releases&_Title=Tonogold-Resources-Inc.-Announces-Agreement-With-Mining-Executive-Mark-Ashl...

http://www.silverseek.com/article/silver-prices-%E2%80%93-megaphone-patterns-13424

Tonogold has its flagship project of 6,700 Acre, Tonopah Divide in Tonopah Nevada. This is right next door to the Hasbrouck 3,000 Acre mine with the same type of geological terrain. The Hasbrouck mine was previously owned by Allied Nevada. Allied Nevada has reported that Hasbrouck has “Inferred mineral resources of 1.2 million ounces of contained gold and 29.3 million ounces of contained silver…”.

Based on the Tuesday 8/5/14 NY gold spot at $1,293 (bid) and the silver NY spot at $19.88, the numbers come out like this: Gold, 1,200,000 ounces X $1,293 = $1,551,600,000. Silver, 29,300,000 ounces X $19.88 = $582,484,000. $1,551,600,000 + $582,484,000 = $2,134,084,000. That’s putting the Inferred gold and silver mineral resource value at Hasbrouck at two billion one hundred thirty four million eighty four dollars.

Tonopah Divide has 223% more acres than Hasbrouck with the same geological terrain. Multiplying the Hasbrouck numbers by 223% would put Tonogold’s Resource value at $4,972,415,720. That’s almost five billion dollars. Tonogold currently has a market cap of 12.4 million (8/5/2014). We could potentially have near 5 billion in gold and silver assets, not counting our iron ore assets which could also be in the billions.

If you divide $4,972,415,720 by the number of Tonogold shares post split (102,800,000 shares total), you get a PPS of $48.36. As I write this the stock price has a last at .06498 cents. I am not using these numbers to predict the future Tonogold PPS but to emphasis the enormous undervalue of Tonogold.

In addition to that, West Kirkland Mining (http://wkmining.com/) announced that they have raised 31.1 million putting 20 million of that into acquiring a 75% interest in the Hasbrouck project. The remaining money will be used to immediately start exploration and initiate a prefeasibility study on the Hasbrouck project. It looks like they intend to produce on Hasbrouck. http://www.4-traders.com/WEST-KIRKLAND-MINING-INC-11538217/news/West-Kirkland-Mining--Commences-Exploration-and-Prefeasibility-Study-for-Hasbrouck-Project-Nevada-18537587/ I would say that anyway you look at it, Tonogold is tremendously undervalued.


IT GETS EVEN BETTER! Consider that Tonogold got control of 72% of the Tonopah Divide project along with all of its improvements for free. Look at the Tonogold press release on 19 October 2012. This announced that Tonogold’s Tonopah Divide 72% partner, Centerra Inc. withdrew from the project. Centerra withdrew from all of their U.S. projects. Centerra had invested about 4.6 million in improvements which also went to Tonogold for free. TNGLD now controls 100% of this project along with all the improvements. http://www.tonogold.com/s/NewsReleases.asp?ReportID=553146&_Type=News-Releases&_Title=Tonogold-Resources-Inc.-Regains-100-Control-of-Tonopah-Divide

There is a more detailed description of the Tonopah Divide project and its improvements on the home page of the Tonogold web site: http://www.tonogold.com/s/Home.asp

Here is a May 2007 update on the Tonopah Divide project: http://www.24hgold.com/english/news-company-gold-silver-announces-initial-work-program-at-tonopah-divide-gold-project.aspx?articleid=143943

Here is a 2 Sept 2010 TNGL PR on the Tonopah Divide drilling program: http://www.tonogold.com/s/NewsReleases.asp?ReportID=417242&_Type=News-Releases&_Title=TONOGOLD-RESOURCES-INC-DRILLING-AT-TONOPAH-DIVIDE-RETURNS-30-FEET-OF-0.118-...

Remember it was the Tonopah Divide project that enticed Mark Ashley to come on board as CEO. Maybe Mark Ashley is the Messiah of mining like some on this board have suggested?

This is my humble opinion and speculation. Please look at my past posts to understand where I am coming from. This is not a recommendation to buy or sell. Do your own DD.

http://investorshub.advfn.com/Tonogold-Resources-Inc-TNGL-4288/