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Replies to post #2960 on Tonogold Resources Inc (TNGL)

Replies to #2960 on Tonogold Resources Inc (TNGL)

ComstockRoyalty

02/14/15 11:35 PM

#2961 RE: Cousin IT #2960

NEWS - TNGL IN PRODUCTION - Jan 8th - 250,000 Cubic Meters To Canamex Corridor

What is the Canamex?
http://en.wikipedia.org/wiki/CANAMEX_Corridor



What is being Produced by TNGL?

Production has Re-Commenced at the NevMex

Site activities have recently re-commenced whereby we are mining approximately 250,000 cubic meters of overburden (waste), over an expected 9-month period, crushing the material and selling the product as road base under contract with a local road contractor.

Revenues and Exposing Millions of Tons of Iron Ore

$$$$ The net proceeds from the sale of the road base will more than cover all site costs over this period, resulting in a zero-cost waste removal program and, at the same time, expose more of the ore body in advance of a subsequent production decision.

Summary: Production & Revenues

The Plan: Expose More Iron Ore and In Advance for Subsequent Production Decision

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

_____________________________________________
Optimization is Coming

$90 a Ton is Coming

From the January 2015 Press Release

We are currently assessing a number of project optimization strategies including those that could provide significant benefits from milling and wet magnetic separation. In this regard, we have recently conducted, through an independent laboratory in Hermosillo, initial test-work on the 58% Fe product previously produced from the NevMex project.

This test-work highlighted that by grinding the product to around 150 microns followed by wet magnetic separation, ~96% of the iron could be successfully recovered within 82% of the mass, resulting in a high-grade product containing +68% Fe being achieved.

$90 a Ton is Coming

The current price for a 68% Fe product is around $90/t1 (i.e. $30/t higher than for a 58% Fe product).

Additional test-work is now planned to include further grind size/recovery optimization work as well as sulfur reduction with the objective of eliminating the sulfur penalty previously imposed.


Commercial Opportunities are Coming

**** Means High Grade Premium Production is Coming

In addition, we have identified and are assessing various commercial opportunities (both organically and externally) that would enable us to produce a high-grade premium product in the medium-term.

Think $90 a Ton

-----------------------------------------------------

The Team is In Place and Production Re-Commences

Lets Review the Team.

In Case You Missed It....Last year in teh 4th quarter prior to this years production a solid set of names appeared at TNGL.

Lets review:

Thank you JoeBlow for this post.

Gustavo Mazon, Jordon Moelis, Eddie Sugar & TNGL!


Gustavo Mazon is the son of Ricardo Mazon. Ricardo Mazon is a Billionaire Mexican business Tycoon and philanthropist. We are talking about one of the wealthiest and most influential families in Mexico. http://www.wikifolks.org/wiki/index.php/Ricardo_Mazon


Jordan Moelis is the son of Kenneth Moelis http://en.wikipedia.org/wiki/Ken_Moelis founder, chair and major shareholder in Moelis Co. (recently listed on NYSE with a market cap of $1.7 billion).

http://topics.wsj.com/person/m/kenneth-d-moelis/358

https://en.wikipedia.org/wiki/Moelis_%26_Company





http://uk.reuters.com/article/2014/03/04/moelis-ipo-idUKL3N0M14LD20140304


Eddie Sugar who has completed tens of billions in deals and was one of the instrumental backers of Andrew Forest when he started Fortescue metals back in 2003.

Fortescue 2013 corporate video:
3 min, 43 seconds.

More on Eddie Sugar and EAS:
http://www.easadvisors.com/

http://investing.businessweek.com/research/stocks/people/person.asp?personId=118598545&ticker=WTG:CN

http://www.afr.com/p/business/companies/early_fortescue_backer_sets_sights_3bttqjyIyH4EOTGQI2ienN

http://m.theaustralian.com.au/business/mining-energy/twiggy-backer-pumps-funds-into-lng/story-e6frg9df-1226779250468#mm-premium

Those professionals, who truly understand the mining sector, realize that when Eddie Sugar came on board our funding was as good as done. It’s just a question of when.


We now have some very serious heavy hitters working with and endorsing Tonogold. This is literally mind bogglingly good news for TNGL; just way beyond expectations!


My Tonogold Top Ten - October 2014 is being proven correct in real time. As a matter of fact we can now cross of numbers one and two on my Top Ten List. Tonogold is just moving down the list. See for yourself:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106675028


This is my humble opinion and speculation. Please look at my past posts to understand where I am coming from. This is not a recommendation to buy or sell. Do your own DD.

http://investorshub.advfn.com/Tonogold-Resources-Inc-TNGL-4288/




IN SUMMARY

TEAM IN PLACE
PRODUCTION BEGINS
OPTIMIZATION BEGINS
EXPOSING MORE IRON ORE

WHATS NEXT???

Iron Ore Optimization Success
Production success on the Canamex
More Iron Ore Exposed
>> Commercial Opportunities


Then......??????

Good luck to all

IMHO