Tip Details

01/03/2011 at 08:21AM
Tonogold Amazing! Undervalued
Tonogold Resources Inc.
TNGL.OTO
Initial > Target price

$0.073 > $0.14
Price when coverage ended

$0.08  9.59%
Best up to date ROI

$0.08  9.59%
6 votes
Coverage ended

Initial price $0.073 Start coverage 01/03/2011
Target price $0.14 End coverage 29/03/2011
Highest price $0.08 Experience 41.5 pts
Description !!They are preparation for an Uplist.. We sold a lithium property in southern Nevada in 2009 and continue to get proceeds from the sale . we have opportu niscally staked and sold non-core properties to other juniors and mining companies. We have revenue in each of the last three years. We have more opportunities to sell rare earth and base metals prospects we have come across.

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Last months Activity

3 comments
2011 March 1 at 8:32AM
From energy | Rank: 0 | Avg ROI + 36.4 %

They are preparation for an Uplist..Centerra just completed a (qty..) hole drill program in december with the full results due in three- Five weeks. So far they havde drilling (qty..) holes.
...view all
They are preparation for an Uplist..Centerra just completed a (qty..) hole drill program in december with the full results due in three- Five weeks. So far they havde drilling (qty..) holes.


Tonopah Divide Nevada ( 11 sqaure miles of patented and unpatented claims ) in a mining venture with centerra (US) , inc.

They own 30% of the mining venture. The property is adjacent to Allied Nevada's Hasbrouck property which has a resource of approx. 400,000 ounces ant they are still drilling.
We have made a discovery of surface mineable gold in the combination fault Zone which needs further drilling to get to a resource.
Due to the proximity of this deposit, any ounces we find will have value.

Mineral mountain gold project near St. George , Utah approx 3,900 acres of mining claims. drilled by Pegasus, Midaway, and Tenneco and has an existing resource. Tenneco produced 280,000 ounces in the district in the mid-1990's.
The deposit is right on the surface is sandstones and should be amenable to heap leach processing.
Mineral Mountain may be expanted with a limited shallow drilling program. There are other good drill holes that were never followed up and several high grade surface showings with could be drilled.
Working on a pre-feasibility for Minereal Mountain which should show positive economics -- report due at the end of March 2011.
the real potential is in the deeper carbonate rocks that were never drilled. Mineral mountain is a sediment hosted, Carlin style gold deposit and there is strong evidence that the deeper carbonate rocks are mineralized. This would make Mineral Mountain a + 1 mill. ounce deposit.
We have recently agreed to sell our stake in prospect Uranium , inc. a company we formed in 2005 . We will net approx. 1.4 million. from the sale in publicity traded stock.

They sold a lithium property in southern Nevada in 2009 and continue to get proceeds from the sale . we have opportuniscally staked and sold non-core properties to other juniors and mining companies.

They have revenue in each of the last three years. We have more opportunities to sell rare earth and base metals prospects we have come across.
Our total expenses are approx $500K per year and last year our loss was 210 K. In 2011, we could be profitable due to the sale of our uranium company...
We have a strong foothold north of Tonopah, Nevada, the second largest silver district in nevada after Comstock.
Additional gold properties in Arizona and California--both historic producers with strong exploration potential.
aprox 90 million shares outsatnding, market price of 0.07, $6.3 million market capitalization.


Mining Venture with a Major mining company, advanced projects- Low overhead- LOW marketcap --generates revenue every year- big possibility for a 1 million once gold deposit .

2011 March 1 at 11:32AM
From Madmoney | Rank: 0 | Avg ROI + 23.1 %

I hear a lots of talking but I don't see any buying. Keeping an eye on this one. Great short term potential! Good tip! I hear a lots of talking but I don't see any buying. Keeping an eye on this one. Great short term potential! Good tip!

2011 March 2 at 10:42AM
From energy | Rank: 0 | Avg ROI + 36.4 %

TNGL- Coming soon !!Channel breakout watch This is a nice stock with a BIG potential
TNGL- Coming soon !!Channel breakout watch This is a nice stock with a BIG potential

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About Tonogold Amazing! Undervalued

energy initiated a coverage Tonogold Amazing! Undervalued on on 01/03/2011 at 08:21AM. Tonogold Resources Inc. is listed in the sector. The stock was priced $0.073 when energy posted the tip. After analyzing the company activities and performance, energy believes Tonogold Resources Inc. has the potential to reach $0.14. As of 01/03/2011, the highest price Tonogold Resources Inc. has traded at is $0.08.



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