Tonogold Resources Inc (TNGL)

[joeblow110percent]

Iron ore tops $US80t amid red-hot steel rally
https://cdn.ampproject.org/c/s/amp.smh.com.au/business/mining-and-resources/iron-ore-tops-us80-a-tonne-amid-redhot-steel-rally-20161128-gszhwd.html

January 08, 2015
Tonogold -- Strategy Update
http://www.tonogold.com/s/NewsReleases.asp?ReportID=690478&_Type=News-Releases&_Title=Tonogold-Strategy-Update

“…The NevMex project has remained on care-and-maintenance …”

“…Total costs (including shipping to China) are ~$55/t.”

“…off-take discount of 18% ($11/t)…”

“Tonogold's strategy has been … decided that delaying re-commencement of production, until we see signs of a price correction and/or confirmation of our ability to produce a higher quality product with increased margins, …”

“We strongly believe … that at a long-term sustainable price the NevMex project would generate positive net margins of at least $10/t, which exclude the benefit of any project optimization initiatives that we believe, can be achieved.”


It’s been almost a year since our last “Strategy Update”. How about some news?

The Iron Ore price has now experienced a “price correction” and is now in an area that presents “positive net margins of at least $10t, which exclude the benefit of any project optimization initiatives that we believe, can be achieved.”

How about some news on iron ore production at NevMex? Whats up with the project optimization initiatives? It’s been almost a year since our last update. What is going on?

Are we going to hear some news from Tonogold CEO Mark Ashley or is he going to continue to run the company like a Covert Black Operation and spend all of the company money on his and his wife’s personal salaries?

From my perspective this is a no brainer decision. A high school kid could make money from this one.

How about some News Ashley!

Tonogold Resources, Inc. WARNING! This Company May Not Be Making Material Information Publically Available: http://www.otcmarkets.com/stock/TNGL/quote


Your Due Diligence starts here:
http://investorshub.advfn.com/Tonogold-Resources-Inc-TNGL-4288/

This is my humble opinion and speculation. This is not a recommendation to buy or sell. Please do your own Due Diligence.

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