Tonogold Resources Inc (TNGL)

[OhManIDied]

Okay now let's discuss realistic future possibilities, shall we?

The first Option has a 6 week duration + an additional 30days for $50,000. This time-period makes the Option available until the end of this year. We can expect some kind of financing activity to occur within the 4th Quarter.

As part of the Second Option, Tonogold granted MIL-LER has the right to have $1 million of the Second Option subscription satisfied by the issue of 20 million shares in Tonogold to MIL-LER.

-- This is effectively valuing TNGL's shares at 5cents a piece. But this is the appraised value AFTER the initial Option is exercised.. This Option lasts 6 months, therefore, by mid-year of 2014 they are valuing shares for capital-raising purposes at 5 cents.

Wonder what the first option will be priced at.. any ideas massher?

TNGL