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Gold/Mining/Energy : Ontex Resources (ONT Alberta)
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To: wharryr who wrote (417)10/5/1999 9:39:00 AM
From: mark warburton   of 519
 
Just a little longer...
No downside this thing will explode to the upside. Gold trading up in the 325-335 range today so you have a 75 dollar gain in gold US or 110 dollar gain canadian. Take that on the inferred resource alone and Ontex has an asset gain of nearly 40 million. Thats more then the Market Cap of the stock. Never mind the cash,Pifher, Metalore shares investments or the increased reserve or allowing a penny for future finds or the expanded reserve on current drilling. Downside is miniscule upside is explosive. Keep in mind in any major move in the price of gold you have a pattern. Money first into the majors ie Placer Barrick Newmont Ashanti etc. Secondary teir stocks also rise and will outperform the majors over the test of time. Should the price maintain at higher levels for an extended period of time then the juniors come into play and that is the most explosive arena of them all. The majors may rally 100 percent the secondary tier stock 200 or more and the juniors can explode into 500% plus returns in very little time. RRSP season is also approaching and should the metals continue to act well you will have analysts recommending gold
in their rrsp's. Hence you want some coverage on Ontex and get it into some funds portfolios. I think you will see that very shortly as Ontex is about to gain a little presence.
May I sauggest if you were looking to accumulate any further purchases in Ontex you accomplish that in short order. Just my opinion but I think you will thank me later.
Mark
Best of trading everyone.
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