Zonte Video - February 19, 2024

Zonte Aug. 10, 2023 Video

New subscribers, setup your Login ( Menu-Login)

Subscriptions

Performance 2009 to 2023 (compound annual)

performance2009 2023Small

 

zonte metals

More
5 years 1 month ago #122250 by ron
ron replied the topic: zonte metals
Last call for the contest, you have untill march 1st


the great predictions for the high of zonte in 2019

the predictions will be accepted until march 1st 2019,
those who want to change their pick before that date are welcome,we can't predict when the results will be out,but there will be more than one hole in 2019,so the high of the year could be determined in the late months of 2019.

those who didn't give me their pick in 2019,
kwilson17
CIMA
Hugo123
GoldFever

3 under $1 or even
golfdub1 $0.70
Flynn $0.85
davplan $0.98

3 under $2 or even
415 $1.35
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

3 under $4 or even
JimB $3.45
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

under $11 or even

1 under $12 or even
meguma $12

under $13 or even

1 under $14 or even
Iwtfu005-$13.50

total of 30 participants in 2019

the most optimistic:Iwtfu005
the most pessimistic:golfdub1

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!!!!!!!!!

Please Log in or Create an account to join the conversation.

More
5 years 1 month ago - 5 years 1 month ago #122249 by ron
ron replied the topic: zonte metals
Last Edit: 5 years 1 month ago by ron.

Please Log in or Create an account to join the conversation.

More
5 years 1 month ago #122248 by Pasta
Pasta replied the topic: zonte metals
Does anyone show Market depth ?
any recommendations for market depth accounts?

Please Log in or Create an account to join the conversation.

More
5 years 1 month ago #122245 by alexgreat
alexgreat replied the topic: zonte metals
From Ron's last update. The stock has broken out of the wedge to the up side as expected.

Attachments:

Please Log in or Create an account to join the conversation.

More
5 years 1 month ago #122244 by ron
ron replied the topic: zonte metals

Hoss wrote: Last chance to buy cheap, this train is about to leave the station.

On the weekly chart (more volume). The low in technical indicators last week, was the lowest since the 17 cent bottom last August. We have a nice consolidation since the Oct/Nov high and now await positive divergence to confirm new rally. All important indicators above the clouds. Not many if any junior miners look this good on the chart.


I like the chart Hoss,maybe next week will be the kicker for an uptrend in the share price.

Please Log in or Create an account to join the conversation.

  • PerseusLtd
  • PerseusLtd's Avatar
  • Visitor
  • Visitor
5 years 1 month ago #122243 by PerseusLtd
PerseusLtd replied the topic: zonte metals
No

Please Log in or Create an account to join the conversation.

More
5 years 1 month ago #122242 by ron
ron replied the topic: zonte metals

PerseusLtd wrote: Waiting and waiting until (hopefully) the Pre Speculation Begins


Are you still buying PerseusLtd ?

Please Log in or Create an account to join the conversation.

  • PerseusLtd
  • PerseusLtd's Avatar
  • Visitor
  • Visitor
5 years 1 month ago #122234 by PerseusLtd
PerseusLtd replied the topic: zonte metals
Waiting and waiting until (hopefully) the Pre Speculation Begins

Please Log in or Create an account to join the conversation.

More
5 years 1 month ago #122231 by alexgreat
alexgreat replied the topic: zonte metals
Anglo revealed the claim problem a year or so ago to cover their butt. They did it though in the back pages of a long document, forget what it was, obviously so nobody would find it

Please Log in or Create an account to join the conversation.

More
5 years 1 month ago #122230 by Gambler
Gambler replied the topic: zonte metals
Big Donald, good point.

What would help is the market and press learning of Anglo's fumble. It will happen sooner or later now that we are coming into a gold market that will get attention again.

Please Log in or Create an account to join the conversation.

More
5 years 1 month ago #122229 by ron
ron replied the topic: zonte metals

RonS wrote: I increased the font size for the site. I think that was a lot of the issue with harder to read since the update.

I can change to a different font, might explore that too


very good idea RonS,it's easier to read,now black on white would be even better...lol...

Please Log in or Create an account to join the conversation.

More
5 years 1 month ago #122228 by ron
ron replied the topic: zonte metals
thanks for the chart Hoss,can't wait for the train to leave the station,maybe a release of the drill results during the PDAC will help for the new uptrend in the share price,let's cross fingers so that the first hole is a big hit,at the same time,moriarty could intervene with an article on zonte,that would help also.

Please Log in or Create an account to join the conversation.

Moderators: RonS
Time to create page: 0.250 seconds
© 2019 Playstocks.net. All Rights Reserved. Designed By JoomShaper