Replies to post #2770 on Tonogold Resources Inc (TNGL)

[Herscu1]

Joeblow, No 8 agree. But you fail to include the fact EAS was appointed 9 months ago and to date has been unable to raise any money. Or if they have the Co has failed to tell us that. All your other top 10 points can't occur until they raise capital.

I don't believe anything untoward has occurred here and Mark Ashley has done everything in his power to raise the $$$$. It is just a simple case of unfortunate timing. They didn't get the cap raising closed 1st half of 2014 and then iron ore price tanked making it impossible. Just rotten timing IMO. Only hope would be to find a buyer for Tonopath gold asset, most likely co next door and use those proceeds to fund Mexico asset. I'm sure I'm not saying anything they don't already know.

[surebob]

TNGL is debt free and is among the lowest cost producers of iron ore in the world.

You still haven't explained how they will be the lowest when you several new processes to the already ungodly number ways to handle the ore from mine to port.
You are NOT by any means the lowest, but will the highest cost in the world.

For example, BHP and Rio Tinto in Australia has DSO where they just crush and ship. You, on the other hand has to crush the ore to dust and I mean dust just to try and liberate the minerals. You then have to use several processes on an unknown and unproven way to remove sulphur. And that makes you the lowest cost producer in the world?

As of now, this mine is uneconomical and will be unless the price of 62% fe goes to 100+