TomaGold Corp V.LOT

Alternate Symbol(s): TOGOF

Metals & Mining Gold

TomaGold Corporation is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration and development of gold, copper, rare earth elements and lithium projects. The Company is focused on consolidating the Chibougamau Mining Camp in northern Quebec. In addition to the agreements to acquire 13 properties in the camp, the Company holds interests in five gold properties in the vicinity of the camp: Obalski, Monster Lake East, Monster Lake West, Hazeur and Doda Lake. It also owns a 100% interest in a lithium property and in the Star Lake rare earth elements property, located in the James Bay region of Quebec, as well as a 24.5% interest in the Baird property, located near the Red Lake mining camp in Ontario through a joint venture with Evolution Mining Ltd. and New Gold Inc. The Obalski property consists of about 74 claims covering a total of 2,740 hectares (ha) and lies three kilometers (km) south of Chibougamau, Quebec.

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TomaGold Corp

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Comment by eagle35on Aug 11, 2019 6:10pm

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Post# 30016417

RE:RE:Unlocking shareholders value

Based on current resource estimate of 433000 thousand ounces calculating it at $1400 dollars an ounce at 10% in the ground and 25% to Tomagold and the rest to IAMGOLD, without any of our other properties Tomagold is worth around 16 million dollars. Since the last resource estimate 2 years ago, we have had some amazing drill results last year and this year. Obviously, the resource estimate right now would be much higher.

1) 1.000.000 ounces Tomagold it’s worth approximately $35 million dollars.
2) 1.500.000 ounces Tomagold it’s worth approximately $50 million dollars.
3) 2.000.000 ounces Tomagold it’s worth approximately $70 million dollars.

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