Zonte Metals TSXV:ZON, OTC:EREPF

This topic has 138 replies, 12 voices, and was last updated 4 days, 8 hours ago by DearJohn.

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- April 23, 2024 at 9:40 am
- Quote
RonS
Keymaster
Zonte Metals has discovered a new IOCG copper belt in NFLD at their Cross Hills project. Their MJ property in the Yukon borders Victoria Gold’s Gold Eagle mine and Victoria Gold has been exploring right up to Zonte’s border with their new Raven discovery. Zonte also holds disputed claims over the middle of the proposed open pit at B2Gold’s Gramalote project in Columbia

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This topic was modified 9 months, 3 weeks ago by RonS.

This topic was modified 8 months, 3 weeks ago by RonS.

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October 3, 2024 at 8:20 pm

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Gambler

Participant

I heard the Labs are behind in NFLD, but we must be close to results

September 23, 2024 at 12:36 pm

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ron

Participant

The bid only at $0.055, I’m starting to wonder if there isn’t a leak of the drilling results, it’s worse today than it was in july 2022, incredible nonsense !!!

September 20, 2024 at 5:21 pm

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ron

Participant

I don’t think majors will buy the stock, they want deals on the properties

Thanks Hoss, guess they’re also waiting for drill results as we are before making a deal, RonS said majors have an eye on Zonte, could more that one copper producer make a deal, for now the share price is at $0.06, what role the share price has for making a deal.

September 20, 2024 at 4:04 pm

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ron

Participant

So if drill results are good, BHP could be one of the majors you were talking about, hope we have strong and good results soon, otherwise, we’ll have to wait another year,

too bad the Yukon isn’t drilled, the possibility of hitting good grades up there are very high, still no news of the trial date, in mid-november it will be 3 years already that it was announced Zonte would receive a court date, still waiting,

It’s mind bundling that nobody’s buying at $0.065, can’t believe it !!!

September 20, 2024 at 2:19 pm

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RonS

Keymaster

Move over BHP, the ext one is coming, but we are just not certain when. Maybe these next drill results.

Excellent article on the lack of exploration for copper, so far just buying other miners out. According to BHP would Zonte has is scarce (large greenfield project)

https://www.miningweekly.com/article/a-copper-ma-frenzy-masks-big-miners-hesitation-to-build-2024-09-20

Michael Fonti BHP’s main exploration geologist has spent more than two decades on sites much like this one, working most recently at the miner’s nearby Olympic Dam, a vast, challenging copper and uranium operation. But even for BHP — a $140-billion company which generated almost $12-billion in free cash flow in the last financial year — large, greenfield projects are scarce, and becoming more so. Deals, not discoveries, are grabbing the headlines.

Richard Schodde, a veteran geologist and expert on South Australia’s copper belt, puts the number of discoveries made each year at only a handful. He describes BHP’s lucky strike at Oak Dam in 2018 “was probably the most spectacular” of recent years.

Price is clearly one reason holding back the splurge that could change that. Copper has enjoyed a bull run on fears of supply disruption and hopes of soaring green demand. Prices topped US$11,000 a ton earlier this year. But the global economy is faltering and copper needs to reach $12,000 a ton — a near-30% jump on current prices — to incentivize large-scale investments in new mines, according to Olivia Markham, who co-manages the BlackRock World Mining Fund.

Copper’s improvement since the price trough of 2020 has not been enough. Costs are rising too fast as exploration teams need go deeper, into more technically challenging deposits or into less desirable regions.

September 20, 2024 at 1:40 pm

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DearJohn

Participant

Glad I making big hay on my gold producers, because these junior explorerss still on life support

September 19, 2024 at 1:04 pm

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Hoss

Participant

Goldenboy good effort. I will contact RonS and see if this can be improved on

ron and all, because of the high tax rates in Canada, Flow through Funds and Investors can sell at a 50% loss and still come out ahead after tax. These Funds are more concerned with churning paper and collecting the new fees on new deals.

Unfortunate but flow through funds and Eric Sprott have pretty much been funding the whole exploration sector.

I don’t think majors will buy the stock, they want deals on the properties

September 19, 2024 at 12:50 pm

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Goldenboy

Participant

Figured out how to post depth, but my trade table summary went beyond borders. Try this

Bid		Ask
Orders	Size	Price	Price	Size	Orders
1	75,000	0.06	0.07	7,000	2
5	41,000	0.055	0.075	20,000	2
2	35,000	0.05	0.08	61,000	2
1	100,000	0.045	0.085	12,000	1
1	5,000	0.04	0.09	40,000	1

This reply was modified 7 months, 3 weeks ago by Goldenboy.
This reply was modified 7 months, 3 weeks ago by Goldenboy.

September 19, 2024 at 12:45 pm

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Goldenboy

Participant

Here is the trade summary the day the stock sold down, lucky Friday the 13th. As you can see pretty much all anonymous selling, so for sure a fund Gambler and Pasta

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
19 Desjardins	273,000	18,495	0.068	0		273,000	-18,495
79 CIBC	200,000	13,500	0.068	0		200,000	-13,500
2 RBC	101,000	6,630	0.066	15,000	1,005	0.067	86,000	-5,625
85 Scotia	53,000	3,645	0.069	0		53,000	-3,645
80 National Bank	30,247	2,027	0.067	0		30,247	-2,027
7 TD Sec	46,000	3,095	0.067	19,000	1,270	0.067	27,000	-1,825
33 Canaccord	5,000	375	0.075	0		5,000	-375
1 Anonymous	189,000	12,845	0.068	863,247	58,337	0.068	-674,247	45,492

September 19, 2024 at 12:21 pm

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Gambler

Participant

Pasta, the money raised was with Flow through Funds. They have done most of the last few financings.

Retail investors do not sell through Anonymous unless they are high wealth sophisticated investors.

I agree that some sellers are frustrated individuals, this has been going on the last 2 years in most junior expplorers

I just bought some Golden Lake at 6 cents, ridiculous how cheap when it is surrounded by discoveries and companies worth multiples more. It is simply the market we are in. I only have about 20% of my funds in these little guys, but the market will turn. As Struthers highlighted, we need to see the TSX Venture break 660

September 16, 2024 at 9:38 am

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Pasta2

Participant

What funds are you talking about? I don’t know of any funds holding this stock.

This stock is probably held by individuals only. I suspect the seller last week is an individual or a couple of them getting frustrated with their investment. So they sell, simple as that.

How do you know if this stock is cheap. If the stock price sits at 7-8 cents without any buyers it seems like a no brainer, no reason to buy. The price is at 7 cents because the company is not proving its worth any more than 7 cents. I know its an exploration company and this is how they work.

Where are all the interest that Zonte states they have. They are not buying so this proves there is no interest. Where are all the investors/speculators? Sure Terry bought at 4 cents a while back but he bought very little and it proves nothing.

Don’t believe the words believe what is in front of us.

September 13, 2024 at 10:14 pm

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ron

Participant

I’m scratching my head why a fund would want to sell in september just before drilling results are released, RonS talked about funds selling in april to raise money, but why are they selling now, and if there’s some majors that have an eye on Zonte’s projects, why aren’t they buying when the price is low, simple questions that aren’t easy to answer I guess, I presume majors are waiting for drill results before buying shares.