InvestorsHub Logo

saildone

06/18/18 3:42 PM

#22386 RE: wshaw14 #22378

Well let's see... Tonogold has come up with the initial cash to get involved then came up with the two million to go forward. They are currently laying another 7 million out for exploration and development including taking the lead toward producing a technical and feasibility assessment. There will be technical updates this year and next. By October of next year they will initiate a new round of investment, another 13 million, aimed at mining the Lucerne. Tonogold takes the lead as the senior partner in a joint venture with CMI, and is already leading in the current stage.
They have the option to partner in or rent the production facilities for either another 25 million outlay or a million per year and a per ton fee.

All of this seems like clear and attainable goals. My guess is that you are still considering the financial picture of TNGL as being too indefinite making the goals "unobtainable". TNGL continually comes up with cash as and when they need it and have met their goals on time. And not just with the Comstock.

Seems like this is going to be a no news, and little or no activity until the next technical update.