Tonogold Resources Inc (TNGL)

[joeblow110percent]

News Release 9/26/14 at Tonogold!


http://finance.yahoo.com/news/tonogold-announces-completion-mil-ler-015459125.html


1. The completion of the acquisition of the Mil-ler
Resources iron Ore project near Hermosillo, Sonora,
Mexico is COMPLETED!

2. Travis Miller is now an Executive Director at Tonogold
and is the largest TNGL shareholder.

3. Tonogold is moving forward on “building Tonogold into a
significant resource group in the medium term.”

4. Announcements soon: “further strengthening of the Board
and capital raising.”

5. The Ponderosa and Vito deposits are in close proximity to
the access road that leads onto the mine property.

6. Tonogold is now able to “commence production at
Ponderosa.”

7. The drilling results so far indicate that Ponderosa “will
provide the feed necessary to sustain a production rate
of over 360,000 tonnes of iron ore per annum for at least
5 years.”


360,000 tonnes X 5 years = one million, eight hundred thousand tonnes of iron ore. At iron ore prices of $80 a tonne; and the projected production costs of $55.24 (see pages 18 & 19 on the TNGL Power Point PDF http://www.tonogold.com/i/pdf/AGM-June-23-2014.pdf) that would give Tonogold an estimated projected profit of $24.76 per tonne. Multiply that by 360,000 tonnes per year = eight million, nine hundred, thirteen thousand, six hundred dollars. Multiply that by five years and Tonogold could see an estimated projected profit of forty four million, five hundred sixty eight thousand dollars.


I am expecting a series of press releases with exceptionally great news coming soon. My previously reported top ten is all in play! Things are really coming together in a perfect storm of really great news for Tonogold shareholders.

This is my humble opinion and speculation. This is not a recommendation to buy or sell. Please do your own Due Diligence. I own Tonogold (TNGL) and have put my friends and family into this stock.