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1 day 20 hours ago #125271 by GoldnBoy
GoldnBoy replied the topic: zonte metals
Looks like we have an uptrend of higher lows but need to break resistance around 26

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5 days 26 minutes ago - 5 days 2 minutes ago #125270 by ron
ron replied the topic: zonte metals
Let's see where zonte goes in 2020.


The prediction for the high of ZON runs from Jan 1st 2020 to Jan 1st 2021


Goldman and Hoss mentioned in their wise post,


Goldman: This story may unfold as a Tier 1 Copper / IOCG Deposit that major mining companies will fight over !!!CROSS HILLS,NEWFOUNDLAND COULD BE A DISCOVERY PLAY !!!Terry Christopher is looking for exploration projects that show large scale potential,is trying to find the BIG IOCG system !!!Be patient,this could be a very major discovery !!!GO ZONTE GO !!!

Hoss: I have been in countless exploration juniors over the years. I even stayed up in the wee hours drinking with the drillers to try and gain any insight. And I can tell you that nothing is for sure in drilling no matter what anyone says or how good this or that looks.The Dunns anomalies extend for about 1 kilometer and about 1/2 kilometer wide. If you convert that to city blocks, it is around 75 city blocks and they poked 5 skinny two inch drill holes among those 75 blocks.I think the stock has not responded to the upside because this is something new, there are not any IOCG systems in NFLD, and I don't think an economic one anywhere in Canada. There are some good iron deposits but they do not have any copper or gold. The market does not believe Zonte can find one, it is taking a show me stance!!!I bought ZON because if they make an IOCG discovery it could be world class like a KirkLand Lake, Great Bear or going way back Voisey's Bay. These are very rare.I like the high grade hit last year, the system is mineralized, Zonte needs to find out where it is and see how big mother nature made it.With a discovery, nobody knows how high a stock will go. When Kirkland Lake was $5, I bet nobody predicted $50, nor $8 for GBR when the stock was 50 cents 2 years ago.These exploration plays are high risk, but can be very high rewards.

The high of the year in 2020 will be much higher with many news releases announcing a major discovery IOCG in Newfoundland.Cross Hills will deliver many spectacular drill holes in 2020,all aboard,the train is about to leave the station.

10 under $1 or even
Conrad R $0.42----Travis M $0.485----PerseusLtd $0.51----CIMA $0.54----downunder $0.62----Don C $0.69----Real McCoy $0.75----flynn $0.85----glenn.linstone $0.88----davplan $0.96

9 under $2 or even
qinvest $1.01----meguma $1.04----Anjing Z $1.25----Dave M $1.35----Gerry M $1.38----31Floors $1.40----luck $1.77----Van K $1.78----Big Donald $2.00  

5 under $3 or even
Pasta $2.25----Jocko $2.30----Davyboy $2.45----Gambler $2.77----hootie87 $2.85

8 under $4 or even
JimB $3.01----GoldnBoy $3.25----kwilson17 $3.40----inimus $3.50----Hoss $3.55----itnsk $3.69----lynnsa10 $3.75----howlem2 $4.00

5 under $5 or even
alexgreat $4.10----DearJohn $4.25----Roadster $4.51----Kaiser $4.75----ron $4.76

4 under $6 or even
WealthyPlumber $5.00----Hugo123 $5.35----tonyk $5.65----Dreamer $6.00

2 under $7 or even
mozrep $6.50----dtangen $6.66

2 under $8 or even
Mauibuilt55 $7.10----agilebill $7.77

1 under $9 or even
JunglistGuy $8.80

Total of 46 participants in 2020  
The most pessimistic: Conrad R $0.42    
The most optimistic: JunglistGuy $8.80

The prizes from RonS
That is the excitement of junior exploration,one drill hole can completely change a company.I will offer the same reward for this year contest,one year added to your newsletter subscription or $150 dinner voucher for life timers.Also,if the winning stock price is over $1.00 then the first place prize will be this gold coin and the silver coin reverting to 2nd place finisher.This should make it more interesting and help get some new participation.I think these newer coins are beautiful and will be easier to source. They also relate to NFLD where ZON is drilling and could make a discovery.Rules are simple,whoever is closest to the highest trade printed on the ticker in 2020,regardless exceeding the high or not.But if there's a tie,the one who doesn't exceed the high is the winner,we can't have the same prediction.For the coins,click on the links below.
Ex:The high in 2020 is $1.35,ABC has $1.30-XYZ has $1.40:ABC wins.

FIRST COIN : A VALUE OF $620 CDN
coinscatalog.net/canada/coin-100-dollars...-circulation-coinage
SECOND COIN : A VALUE OF $105 CDN
coinscatalog.net/canada/coin-silver-20-d...silver-bullion-coins
www.mint.ca/store/coins/1-oz.-pure-silve...000-2018-prod3220054

The analysis of RonS in 2020
I will say that last years optimistic prediction was based on:
1 - A turn around in the junior mining market, but instead it went even lower. The odds are much higher the juniors turn up this year.
2 - An agreement or settlement on Gramalote, that did not happen either. Again the odds have increased this year with B2Gold taking control.
3 - A discovery at Cross Hills, well that one was close, we got one great drill hit, but in the weaker junior market, more than one narrow intersect is required for the market to see a discovery. Again the odds are much higher this year, especially the current drill round.
If I did hazard a guess it would be between $3 and $4 and based on just one of the three positive outcomes, probably point 3. Hoss makes a good point, you never know, will depend on the numbers in the drill core.


The reasons why RonS had a $6.50 target in 2019    
My optimistic guess is $6.50 for the high, probably no better than any ones prediction but here is my reasoning.It is hard to imagine a better mining market and higher gold prices after what we have just been through in 2018, but often the market improves after such a downturn and I believe we will see gold prices in the $1300 to $1500 range in 2019 when it becomes more evident the Fed will have to ease again or at least halt the tightening cycle.I have been to Cross Hills and looked a lot into these IOCG systems and I am convinced there will be a discovery.Pasta mentioned just some magnetic surveys and normally that is not such a big deal but in IOCG it is.Iron Oxide is iron, it is magnetic so responds well to these surveys, not so in other systems.
The iron oxide veins on surface are magnetic,I used a magnet myself,a very simple
principle.On surface they carry copper, that is what makes these deposits valuable compared to just an iron ore deposit.The magnet surveys show strong magnetic intensity deeper below the surface,it is a no-brainer that the iron oxide is concentrated down deeper and like the surface showing has copper.

And veining above is very typical of these systems. There is very little experience and knowledge about these in Canada and is probably the main reason Zonte is
overlooked thus far.There is no doubt in my mind that this will be a discovery with iron, copper and some PMs, the question is the grade?After some drill holes and we have an average grade of say 0.25% copper, it still might be economic, but will not get much love. If the grade is .3 to .35% that we see in many other copper deposits, this is going to get some serious attention.IOCGs are known for better grades in general and if this turns out to be 0.5% to 1% copper it is going to be a whopper. And OMG if it is above 1%. Don't forget unlike porphyry systems where the other 99% of the rock is waste, in an IOCG, the 20% to 40% that is typical iron oxide also has value, it is not waste rock. There should be silver and gold credits as well.It seems $5 is kind of a top speculative target with many juniors like we saw with Garibaldi. That said, with higher gold prices, I believe the pressure will intensify on Anglo to settle with Zonte in 2019 so they can move Gramalote to production.Given not so great a market, it is still a $50 to $100 million settlement which is another $1 to $2 per share, hence when added to $5 my $6.50 guess!!!!!!!!!
Last Edit: 5 days 2 minutes ago by ron.

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5 days 10 hours ago #125269 by Goldman
Goldman replied the topic: zonte metals
Ron :
Thanks for posting the 28 minute Rick Rule Video .
Bullish on the mining space and the benefits for the price of gold .
The Scotia 108 k offer at 26.5 cents was not there today .
As well , the 55 k Raymond James order at 27 cents was lowered to 26.5 cents and the 35 k order from anonymous at 27 cents was lowered to 26 cents .
This has been a very good stock trading week for Zonte Metals .
It appears that the stock price is breaking out .
There is good buying momentum .
The selling is definitely drying up !
There may be short sellers recently , and they will have to pay higher prices to cover their shorts and close their positions .
Lastly , in this three day week so far , Zonte Metals has traded over 360,000 shares at an average of 24.8 cents .
Go Zonte Go !!!

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5 days 19 hours ago - 5 days 19 hours ago #125268 by ron
ron replied the topic: zonte metals
Rick Rule

Last Edit: 5 days 19 hours ago by ron.

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5 days 22 hours ago #125267 by ron
ron replied the topic: zonte metals
Where's the 108,000 shares on the ask ?

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5 days 23 hours ago #125266 by ron
ron replied the topic: zonte metals
Have a small 500 shares on the bid at $0.24.

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1 week 11 hours ago #125265 by ron
ron replied the topic: zonte metals

alexgreat wrote: Gambler great find. I hope the drills hit a Wings!!!!!!!!!!!!!!

Stock a great buy here, no speculation in the price.


Hoping to see finally speculation in the stock price soon.

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1 week 20 hours ago #125264 by GoldnBoy
GoldnBoy replied the topic: zonte metals
Depth looks pretty even

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1 week 23 hours ago - 1 week 23 hours ago #125263 by ron
ron replied the topic: zonte metals
GoldnBoy,any action on the depth,thanks ?
Last Edit: 1 week 23 hours ago by ron.

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1 week 23 hours ago #125262 by alexgreat
alexgreat replied the topic: zonte metals
Gambler great find. I hope the drills hit a Wings!!!!!!!!!!!!!!

Stock a great buy here, no speculation in the price.

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1 week 1 day ago #125261 by Gambler
Gambler replied the topic: zonte metals
In the press release, the Wings target is similiar to Atlantic Gold's Toukoy (Moose Rivers mine). This is among the most profitable mine in the world. Probably why it was bought out a year ago. I came across this article on kitco from 2019.

www.kitco.com/commentaries/2018-12-24/Ho...ld-mines-Part-1.html

A good example is Nova Scotia, where a long history of small-scale high-grade underground mines never turned a profit. No one thought it was possible, but Atlantic Gold (TSX-V:AGB) has shown that open-pittable, disseminated gold is not only possible but a highly profitable business in Atlantic Canada. Its flagship Moose River Consolidated (MRC) project - the first open-pit gold mine in Nova Scotia - opened just over a year ago.

The mine plan entails a very low strip ratio (0.76:1), which means every there is very little waste ore to help keep costs low and gold production high. At full build-out AGB expects to produce about 200,000 ounces a year.

At AISC of $528 an ounce at today’s gold price of $1,250/oz, Atlantic Gold’s profit margin is a remarkable $717/oz. Unlike the gold majors at the top of the mining cycle, whose mantra was “more production”, AGB is running the MRC mine like a business - keeping costs in line with revenues. Moose River generated profits of $6 million in the third quarter.

Along with a low strip ratio, the other factors helping Atlantic Gold control costs are: the mine’s close proximity to labor, suppliers and the airport; a 1.5 g/t grade; and ease of gold recovery. In fact, Atlantic Gold is currently the lowest cost gold producer. The highest-cost mid-tiers have AISCs of between $1,200 and $1,300/oz.



Furthermore, As at 25 March 2019, the Atlantic Gold operation had a combined estimated 1.9 million ounces of gold in reserves at a grade of 1.12 grams per tonne. For full details, refer to the compliance documents at
stbarbara.com.au/exploration/
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1 week 1 day ago #125259 by JimB
JimB replied the topic: zonte metals
I just posted a few things on the Zonte Bullboard including the following, which I think has not been noted here:

Just learned that New Found Gold's valuation was considered to be about $100 million based on the following: Novo Gold gave 7 million of its shares to obtain about a 16% interest in New Found Gold. Novo's share price at the time was about $2.40, and that after a significant drop from $3 in the Corona virus scare. So Novo gave $16.8 million for its 16% interest.

That puts a valuation on New Found Gold of about $100 million.
Today Novo is at $3.86 a share, which would imply a valuation of New Found at $168 million.

Again, Zonte market cap is just slightly over $13 million !!
= = =
I think we all can help get the word out there on various chatboard about the tremendous bargain that Zonte is.

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