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GoldnBoy wrote: now scotia bidding 100k
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GoldnBoy wrote: 100k bid now at 0.195
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Gambler wrote: Does not matter if public or not. Newfound Gold had a very high valuation as a private company with a discovery. Now after the stock ran up in 2 months since public, it has come down but still has a $300 million market cap valuation.
When Zonte's partner comes public and does some drilling to confirm these past results, a $100M market cap or more would not be a surprise, implying a value to Zonte of $25 million, more than 2 times the current value. It will take several months for this to unfold though.
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