zonte metals

any updates?
I haven't seen or heard a thing.
Is BTO interested in selling Gramalote? I read a headline saying this but it was a paid service so I didn't get any more info beyond the headline.

They have $150000 in the bank , 26 million shares out at a 8 cent price .
A value of 2 million dollars today.

Is there a premium priced in already due to the possibility of a court win in Columbia?
Is this company worth more or much less? $150000 dollars can be split substantially into 26 million shares.

they only have $150K cash. how cheap are mines in Columbia. what about there Canadian claims that been they for years with no movement

So I know Zonte was looking into 3 or 4 properties in Columbia . We know how the one property application went for the Gramalote property but what about the others?
Does anyone know?
As far as I have read they are waiting for 3 or 4 others and its been along time from what I read. Are they delayed because of the same issues surrounding gramalote?

The juniors have been in a big bear market, in a more normal market the stock would have gone way higher in anticapation of some reward. That is what happened with Galway in a similar situation in Colombia, also another I seen years ago, Rye Patch in Nevada.

They got claims in Coeur's Rochester mine

It looks like miners have seen a bottom and turning up so I think they should be getting this story out there IMHO

Seems like this stock is not going above or below 8 cents..

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