Tonogold Resources Inc (TNGL)

[joeblow110percent]

Iron ore price surges to highest since Sep 2014

http://www.mining.com/iron-ore-price-surges-highest-since-sep-2014/?utm_source=digest-en-mining-170116&utm_medium=email&utm_campaign=digest

“The Northern China import price of 62% Fe content ore surged on Monday adding 4.1% to $83.50 per dry metric tonne, the highest since September 2014 according to data supplied by The Steel Index.”

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

“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.”

The Iron Ore price is now in an area that presents, as Tonogold CEO Mark Ashley put it in the above noted TNGL press release “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? What’s up with the project optimization initiatives? When is NevMex going to go into production? It’s been a year since our last update. Is anybody awake there at Tonogold? What is going on?
How about some News Mark 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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