zonte metals

Agree, need the drill results. AMX went from 20 cents to $1.50 in about a month on good drill results, that is what we would need to get over $1.00

Maybe we get the spectacular hole that can come from IOCGs and the stock goes way higher, but that might not happen on the 1st one or two holes before year end?

Only time will tell

ron wrote: thanks RonS for the explanation,you should keep that response in a future report,or maybe you already did in a past report,i remember you wrote about this issue before,are you confident to see zonte announcing results next week that could go above the red line in a significant matter,for that to happen,results need to be exceptional,maybe they will be ?

I think to really move the needle, we need drill results. So the question is when will drilling start? Will there be results before year end to help contestants?

Colombia news could also move the needle

3rd if gold took off to over $1600, maybe that would finally put life into juniors. The producers are still way under valued as per my new pick LMC

Hoss wrote: Ron excellent find, this looks real good. The daily cloud chart is still bullish but not yet confirmed on a weekly chart

let's hope it's confirmed next week,so we can start dreaming again..lol..

the great predictions for the high of zonte in 2019

there will be more than one hole on cross hills,so the high of the year could be determined in the late months of 2019,it could be the most interesting year,

who will win the 2019 contest,the most pessimistic CIMA at $0.69 or the most optimistic Iwtfu005 at $16.50 ?

5 under $1 or even
CIMA $0.69
golfdub1 $0.70
Flynn $0.85
davplan $0.98
Gold Fever $1.00

4 under $2 or even
415 $1.35
Hugo123 $1.50
PerseusLtd $1.85
Big Donald $2.00

5 under $3 or even
WealthyPlumber $2.10
inimus $2.30
Gambler $2.50
Pasta $2.65
GoldnBoy $2.80

5 under $4 or even
kwilson17 $3.25
JimB $3.45
itnsk $3.65
luck $3.77
howlem2 $4.00

3 under $5 or even
hootie87 $4.25
DearJohn $4.27
Hoss $5.00

3 under $6 or even
mozrep $5.50
tonyk $5.65
Dreamer $6

3 under $7 or even
RonS $6.50
kalen9999 $6.55
Kaiser $7.00

2 under $8 or even
JunglistGuy $7.25
lynnsa10 $7.90

1 under $9 or even
agilebill $8.10

2 under $10 or even
alexgreat $9.50
ron $9.99

1 under $11 or even
dtangen $10.85

1 under $12 or even
meguma $12

1 under $17 or even
Iwtfu005 $16.50

total of 36 participants in 2019
the most pessimistic: CIMA
the most optimistic:Iwtfu005

the prize from RonS
That is the excitement of junior exploration,one drill hole can completely change a company.I will also offer the same reward for this year contest,one year added to your newsletter subscription or $150 dinner voucher for life timers.Rules are simple,whoever is closest to the highest trade printed on the ticker in 2019.

the reason why RonS has 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!!!!!!!!!

thanks RonS for the explanation,you should keep that response in a future report,or maybe you already did in a past report,i remember you wrote about this issue before,are you confident to see zonte announcing results next week that could go above the red line in a significant matter,for that to happen,results need to be exceptional,maybe they will be ?

Flynn, charts are a sum of all trading, that is what is good about them. The bots are trading every stock, it has been part of the market for a long time. The bots usually follow the trend. If you read charts right, they are basically the emotions of all traders, including any manipulation summed up in a pattern. Charts don't care if it is retail traders, shorts or manipulators, they measure the actual market in that stock.

At times when you see large upward moves in stocks there is shorting to push them back down, but it is all measured by the charts. I don't think manipulation or bots have any effect on charts, maybe a candlestick pattern over 1 or 2 days, or influence 1 or 2 days trading. Using charts for medium and long term works good. Short term, not so well.

Day traders try to use hourly charts or 5 minute charts. In this case I don't think charts are very successful

There is a type of manipulation called 'chart painting'. That is where manipulators will push prices up and down to trigger buying or selling because they trigger a technical signal on the chart.

I have never noticed this happen with ZON. However, you often see this in the gold market. Shorts will push gold down through a support level to trigger selling. It just happened September 30 with a push below $1500 and it triggered selling and gold quickly dropped to $1470 in a matter of hours or less. I don't know if this was manipulators chart painting but it is a possible example

Hop this helps

flynn wrote: Ron,
I have read here many times that Zon has been manipulated by bots and traders for some reason. Wouldn't this affect the charts? Wouldn't manipulation of a stock affect the true momentum?

Good point flynn,have you sold a portion of your shares ?

Ron,
I have read here many times that Zon has been manipulated by bots and traders for some reason. Wouldn't this affect the charts? Wouldn't manipulation of a stock affect the true momentum?

Hoping that it will break above the red line before 2020,results could be release anytime next week for a new high in 2019.

Ron excellent find, this looks real good. The daily cloud chart is still bullish but not yet confirmed on a weekly chart

I happen to pull up a long term chart on ZON to look at something and almost immediately a very bullish pattern stood out, called a cup and handle. I show that outlined in black lines. This is a long term bullish pattern seldom seen

Next I picked up on a rising lower trend line of higher lows, shown with a red line and the same descending red line of lower highs. This is a typical wedge formation. The stock could continue in the wedge for some time yet, but look for a break above the red line as a bullish signal

99,000 shares on the ask at $0.295 !

Interesting stuff here

www.mining.com/scientist-tells-miners-ho...nd-gold-more-easily/

By using these geochemical tools, companies can better focus their drilling resources into lower-risk areas. Finding an economically viable copper-enriched area has the potential to generate revenues of up to $175 million a year as well as creating more than 500 jobs,” she said in a media statement.

The researcher revealed that her tools were successfully tested at OZ Minerals’ (ASX: OZL) Prominent Hill mine, an iron oxide-copper-gold deposit in the north of South Australia. The trial, allowed the miner to increase the footprint of the ore body fourfold.