zonte metals

It does sound promising.
If they are looking into promoting this stock shouldn't they wait till some things are settled first?

"Property in Columbia that is not theirs? "

That is the whole point, and it is a gamble on legal title, not an exploration risk.

Right now the market cap at about $2 million is giving them zero odds of getting a peice of Gramalote, yet the former head of the mining department where the dispute lies is siding with Zonte.

I like the odds with so much huge upside and little downside

Gramalote is a mult-million oz deposit JVed with AngloGold and B2Gold so it is no grass roots play. Should Zonte be awarded the claims it will be worth a lot more than $2 million

2012 in Columbia, Galway Resources was paid approx. $300 million for the fractional claims they held over the Ventanna's gold deposit and it was not as advanced as Gramalote

If Zonte should lose, so what, at $2 million it is valued as not much more that a shell with nothing in it anyway. And $100,000 at present is plenty to keep the lights burning and pay the lawyers

Gambler wrote: Hey great idea for PDAC. If I was going I would join you. I heard the company was looking into some promotion. We just need a couple other newsletters, brokers or something to pick up on the story[/quote

What did you here about promotion that the company is looking into ?
At this point what exactly will they be reporting?
A property in Newfoundland? Property in Columbia that is not theirs? One hundred thousand dollars in the bank?
Not exactly a big list or really anything to promote.
Can you explain as I must be missing something ?

Hey great idea for PDAC. If I was going I would join you. I heard the company was looking into some promotion. We just need a couple other newsletters, brokers or something to pick up on the story

no one wants to buy or sell at 8 cents.
I guess its a wating game.

I going to have tshirts made promoting zonte metals, then walk around pdac. Hope b2gold has a booth

I am surprised this story has not got more attention yet, hopefully with the Gold market waking up it will

Wouldn't it be nice if a postive news release came out now, along with gold popping today.

nice pop in the stock this morning, maybe the whole sector is getting some more attention

News out of Colombia newspaper yesterday www.dinero.com/empresas/confidencias-on-...ia-de-minas-de-antio

Here is the google translation

Mining dispute with the Ministry of Mines of Antioquia
Since last year, a group of multinational companies are in discussion with the Secretary of Mines of Antioquia for a mining rights in the region of Gramalote, which studies contains about 2.535 million ounces of gold. Canadian Zonte Metals and B2Gold and AngloGold Ashanti South Africa are angry because they were denied diplomas and consider their request was not processed in accordance with the rules of the Colombian mining code. Multinationals among its legal counsel to a former secretary of mines Antioquia and his plan is raising its application before a special court in the event that they be denied again.

I hear $150k is good for 6 months or more. Lawyers not as expensive down there by the sounds of it. I think their last legal bill was $10k, most of the time is spent waiting on the mining department to respond.

How long will the 150k zonte just raised last.? Lawyers are expensive 150k seems like it would be a retainer. Unless they they where thinking this wont last long.