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Bullboard - Stock Discussion Forum Zonte Metals Inc EREPF


Primary Symbol: V.ZON

Zonte Metals Inc. is a Canada-based junior mineral exploration company primarily focused on gold and copper. The Company's projects include Wings Point Gold Property, McConnell's Jest Project (MJ project) and Cross Hills Project (Cross Hills). The Cross Hills Project is located on the island portion of Newfoundland and Labrador, approximately 20 kilometers (km) from the town of Terrenceville... see more

TSXV:ZON - Post Discussion

Zonte Metals Inc > Wake up, Zonte's neighbors
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Post by curious924 on Jun 29, 2020 8:06pm

Wake up, Zonte's neighbors

Zonte should catch the attention of its neighbors.

First in the Yukon, with Zonte's pluton looking larger than Victoria, with a common border to Victoria which is just west of Zonte's property.

Secondly in Newfoundland, with Zonte's drill program underway at Wings Point, right next to Labrador Gold, both of which are on strike with the New Found Gold with its discovery of 92.9 g/t gold over 19.0 meters, including 285.2 g/t Au over 6.0 metres.  Zonte is drilling Wings Point. Labrador Gold is not drill ready.  In fact, Zonte, we are told, focussed on what they perceived to be the best property in that area.  

Victoria's Market Cap is $815 million. 
Labrador Gold's Market Cap is over $21 million. 
New Found Gold has filed to go public, probably at a very significant valuation.  

Zonte's Market Cap is just slightly over $13 million ! 

And Zonte also has the biggest potential of its three properties at Cross Hills in Labrador.  Really glad to be part of this company before the big boys discover what is here. It truly is a remarkable bargain !
Comment by curious924 on Jun 29, 2020 8:24pm
Just learned that New Found Gold's valuation was considered to be about   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 ...more  
Comment by Donwaan on Jul 12, 2020 1:37pm
Let's get ready to rumble folks!
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