| | | a reminder from ron,
I believe Zonte is the only Yukon explorer worth buying now, in what is considered the off-season, because:
First the market misunderstood or had too high expectation on October's drill results and such a steep sell-off was not warranted.
Second, the market value, at a very low $6.7 million, is less than half the value of the next cheapest Yukon explorer.
Third, the Wings project in NFLD is drill ready and Shawn Ryan's (Yukon fame) Torq Resources (TRBMF) has staked right up to the Wings boundary. Torq is still early phase exploration yet is valued five times higher than Zonte.
Fourth, on Nov. 15 Zonte acquired the Cross Hills copper project, with copper being the strongest performing metal in 2017.
Fifth, Zonte has disputed claims over the middle of AngloGold Ashanti Ltd.'s (AU:NYSE; ANG:JSE; AGG:ASX; AGD:LSE)/ B2Gold Corp.'s (BTG:NYSE; BTO:TSX; B2G:NSX) 5 million ounce Gramalote deposit in Colombia. On June 26 it announced the court suspended AngloGold's (the operator) claims on the disputed ground. A similar case was Galway, which had fractional claims over Ventana's 3.5-million-ounce La Bodega project; Columbia and Galway settled for about CA$300 million in 2012.
Last, the stock has broken out on the chart and is likely to fill the gap between CA$0.20 and CA$0.32 |
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