Replies to post #2533 on Tonogold Resources Inc (TNGL)

[surebob]

At an iron ore price of $80 a tone, these anomalies are capable of providing a projected estimate of forty four million, five hundred sixty eight thousand dollars in profits

You forgot the discount of 18% for deleterious materials and also additional 15% for 58% Fe...ie low grade ore.
Based on their operating and shipping cost, they are losing money on every ton mined.

let me know if you can prove me wrong. Its highly doubtful

[surebob]

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.” That comes to at last one million, eight hundred thousand tonnes of iron ore at just two of the anomalies located at the mine site. At an iron ore price of $80 a tone, these anomalies are capable of providing a projected estimate of forty four million, five hundred sixty eight thousand dollars in profits to Tonogold, over five years

Is that assumption before or after a 18% haircut off the top of 58% Fe price which is about 12 dollars below 62% spot price?

Doesn't look good for a profit, if any at all