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lynnsa10 wrote: I don't think these lows will be around much longer. I have been bidding. Tomorrow I buy some. Will be a nice XMAS gift
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Goldman wrote: Happy Holidays to all the Zonte Metals Inc Investors and stay healthy :
Timely that Ron just released the forty six 2020 Zonte high price projections . The average forecast was greater than $ 3.00 per share .
The current Zonte market capitalization is about Cdn $ 11 million .
Zonte is an exploration company focused on acquiring gold and copper exploration projects that show large scale potential . The portfolio is now diversified with five assets.
Terry Christopher has protected the treasury and there are currently less than 60 million shares outstanding. In my opinion , there is very significant upside share price potential based on 2021 developments in Newfoundland , the Yukon or Columbia .
A quality IOCG ( Iron Ore Copper Gold ) discovery at Cross Hills in Newfoundland could quickly double or quadruple the share price , At Cross Hills, which is more than 100 square kilometers , Terry Christopher has already generated many targets at this large property and there are many areas not yet explored . Where is the shareholder spirit that there could be many Billions of pounds of copper discovered at Cross Hills ? If Zonte discovers that Tier One IOCG Deposit, then major mining Companies will have a bidding war to obtain ownership of Zonte's property ! This property would then be extremely valuable.
Zonte is looking for the source of the copper. When the copper deposit is found , then the Zonte stock price will be on a tear ! Big mining companies will be all over Zonte . If Zonte hits an IOCG Deposit , then Cross Hills will be a premier World play . Terry Christopher is looking for the source of Hole 4 in 2019 , which had 15 % copper and 15 grams /ton gold and over 10 ounces of silver / ton . TC will eventually hit the copper system / deposit at Cross Hills and the stock price will shoot up ! As well , gold and silver in the deposit can double or triple the value of the deposit . Gold and silver are the best minerals to have in your copper discovery . Remember , the copper is coming from somewhere .
Further exploration work in 2021 at the Intrusion Related Gold System, McConnell Jest in the Yukon, could easily generate gold discovery results similar to the neighboring Victoria Gold property . Favorable 2021 McConnell Jest results would generate immediate interest for this property. About .7 grams / ton for about 20 meters has already been obtained twice in the same hole during the 2017 drilling program .
Victoria Gold is currently producing over 10,000 ounces monthly and the target is over 15,000 ounces monthly . As well , over the last 3 years , Victoria Gold has done exploration work near the Zonte border . Of significance , the three years of this exploration work has generated extremely good results . The McConnell Jest property has good potential value that is not reflected in the current stock price.
In Columbia , the Gramalote Joint Venture partners of Anglogold Ashanti Ltd ( currently over 9 Billion US Mk Cap ) and B2Gold Corp ( currently over $7 Billion Cdn Mk Cap ) are both aware that Zonte's Columbian partners were first to make applications for open grounds that were open areas within the Gramalote Deposit . Compensation for these claims at Gramalote in Columbia should generate a lump sum of cash well in excess of Zonte's current market capitalization .
As Gambler indicated earier today " B2Gold says they will have their Gramlote feasibility study done in Q1 2021, after that they will have to make a construction decision and deal with Zonte. "
So , there is justification that the Gramalote Joint Venture could offer Compensation to Zonte's Columbian partners to advance their Gramalote Project into production. Gramalote could have in excess of 5 million ounces in the final feasibility study . At all in sustaining costs less than US $ 1,000 per ounce and sales per ounce of at least US $ 1,500 per ounce and in a very low interest rate environment , the Net Present Value of this project will be very high. like in the Billions .
The Joint Venture Partners should pay a fair amount to Zonte's Columbian Partners to obtain the property that Zonte's Columbian partners claimed !
This could be a Grand Slam Win for Zonte Metals Inc in the first half of 2021 .
I believe that there is hardly any value in Zonte's stock price for this position.
Over the last month and until two days before the end of this year , there was and may be tax loss selling by some Zonte shareholders to realize 2020 capital losses to apply against their 2020 net capital gains . Capital losses realized in 2020 can be used to offset capital gains to reduce an investor's 2020 tax liability. The deadline for tax loss selling is probably Dec 29th.
Zonte has very good irons in the fire. This could be the last chance to obtain shares at this price level . Recently , on Nov 13 , 2020 ,Zonte traded at 30 cents .
At the current stock price , based on the many strong fundamentals outlined above , the Zonte stock price should be trading at a much higher share price. I think that early in 2021 , Zonte could exceed that 30 cent price that it traded at about one month ago .
The 2021 actual Zonte share price forecasts could be in line with the forecasts that were submitted in early 2020 for 2020 . As well , one year ago , the gold price per ounce was below US$1,500 and the copper price per pound was about US $ 2.80 .
2021 will be Zonte's Year to shine and could be possibly be trading at dollars per share !!!!
GO ZONTE GO !!!
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RonS wrote: Ron, next year is 2021.
Did you have a look at the copper coins? Any comments on these coins welcome.
I could get another silver coin, maybe not NFLD related. I will look for a Yukon one too
www.colonialacres.com/Copper-Bullion-s/283.htm
I just bought up all the good deals on silver coins at colonial, but these were the cheaper bullion based ones. I bought a bunch of the copper ones too, so I can have a touch and see look
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