ça va faire un gros market cap pour VIT à $5,
n'oublie pas que ZON est à côté de victoria
et qu'il va en profiter,
zonte a un petit market cap de 15 millions
avec 50 millions d'actions seulement,1-avec les drills
qui débutent cette semaine sur un projet IOCG,2-un règlement possible
sur la dispute de gramalote en colombie en 2019,3-une découverte
à côté de victoria en 2017,j'ai mis plus de $$$ dans zonte,cependant,
j'ai encore mes actions de victoria et j'attends la hausse du titre
pour prendre mon profit,voici ce ron struthers avait à dire ce soir,
il est très confiant,comme toi claude avec CKG...lol...on lui
demandait de faire une prédiction sur le prix de l'action en 2019.
My optimistic guess is $6.50 for the high, probably no better than any ones prediction but here is my reasoning.
It is hard to imagine a better mining market and higher gold prices after what we have just been through in 2018, but often the market improves after such a downturn and I believe we will see gold prices in the $1300 to $1500 range in 2019 when it becomes more evident the Fed will have to ease again or at least halt the tightening cycle.
I have been to Cross Hills and looked a lot into these IOCG systems and I am convinced there will be a discovery. Pasta mentioned just some magnetic surveys and normally that is not such a big deal but in IOCG it is. Iron Oxide is iron, it is magnetic so responds well to these surveys, not so in other systems.
The iron oxide veins on surface are magnetic, I used a magnet myself, a very simple principal. On surface they carry copper, that is what makes these deposits valuable compared to just an iron ore deposit. The magnet surveys show strong magnetic intensity deeper below the surface, it is a no brainer that the iron oxide is concentrated down deeper and like the surface showing has copper.
And veining above is very typical of these systems. There is very little experience and knowledge about these in Canada and is probably the main reason Zonte is over looked thus far.
There is no doubt in my mind that this will be a discovery with iron, copper and some PMs, the question is the grade?
After some drill holes and we have an average grade of say 0.25% copper, it still might be economic, but will not get much love. If the grade is .3 to .35% that we see in many other copper deposits, this is going to get some serious attention.
IOCGs are know for better grades in general and if this turns out to be 0.5% to 1% copper it is going to be a whopper. And OMG if it is above 1%. Don't forget unlike porphyry systems where the other 99% of the rock is waste, in an IOCG, the 20% to 40% that is typical iron oxide also has value, it is not waste rock. There should be silver and gold credits as well.
It seems $5 is kind of a top speculative target with many juniors like we saw with Garibaldi. That said, with higher gold prices, I believe the pressure will intensify on Anglo to settle with Zonte in 2019 so they can move Gramalote to production.
Given not so great a market, it is still a $50 to $100 million settlement which is another $1 to $2 per share, hence when added to $5 my $6.50 guess!!!!!!!!! |
