Tonogold Resources Inc (TNGL)

[massher]

Your Maths are correct and really need me to confirm it. 6 weeks +1 month staring oct 17th = Dec 28th. These Q's o really don't have time responding to. With all due respect I have other more pressing issues that I need to devote my time to. I thought the announcement made that very clear.

The pricing I have discussed previously. It's a matter of supply/demand.

Your Q on Mil-Ler having an option over 20m shares at 5 cents is a strategic positioning for Tonogold. We would like to be able to consolidate 100% of the project in the future into a public vehicle. By Mil-Ler having a reasonable position in Tono as a result of their potential 20m shareholding places is in a good strategic position to be the public consolidated vehicle. Also any benefit that would result in an increase in the Tono share price will be the benefit to the company that we will have a 34% stake in and will therefore share in any rerating. This part of the deal was well thought through.

I can't answer your last question as it doesn't make sense. The 1st option costs $5m and we get 17%. That the pricing. It's irrelevant what price it's done at - we end up with 17%. That's the key.

Hope this provides some clarity and now I have to focus other matters.