zonte metals

Rick Rule

Where's the 108,000 shares on the ask ?

Have a small 500 shares on the bid at $0.24.

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.

Depth looks pretty even

GoldnBoy,any action on the depth,thanks ?

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

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

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/

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.

Can't wait for the results of the wing points project,it's our turn to join the party.

Gambler :
I suspect that there will be another new area play in Newfoundland ,
later this year or this summer !
It could be classified as the Cross Hills Copper Play in SE Newfoundland !
And Zonte Metals has already staked over 100 sq km !
Hold your Zonte shares ...
Multiple rising waves will come in 2020 and beyond !!!

As an aside , , maybe they will change the name of the nearby town to Cross Hills
to TerryVille from TerrenceVille !!!

DJ, I estimated 20 kms. Labrador Gold describes their Kingsway project as 18kms NW of Gander. I think their project borders Wings, they acquired it from Shawn Ryan who staked to Wings border so have a look at this graphic. Kingsway North borders Wings

LAB has about 82 million shares out after recent financing and at 40 cents today has a market cap of about $33 million. More than twice the value of Zonte and their project is not drill ready yet.