SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Ontex Resources (ONT Alberta)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Biff who wrote (452)12/24/1999 11:51:00 AM
From: mark warburton  Read Replies (1) of 519
 
Biff
The greatest gift we have received this year is effort from some hardworking individuals in the company.
The TSE listing is a very valuable measurement of the quality of the Ontex portfolio. Since the BreX fiasco the listing requirements become more and more stringent. They thin out every possible entity till only the cream of the crop are allowed in. This is in place to protect the credibility of the TSE. With the listing the TSE has conducted a very in depth review of the property and management. There findings are now obvious that they beleive in the merits of the company.
Look back and review what Ontex has accomplished since a year ago November.
a) Merged with Faymar adding the Bartec property.
b) raised 5 million dollars in treasury.
c) spun off a separate entity Pifher.
d) Pifher completed its own financing for a million.
e) Conducted a series of drilling on Brookbank defining extensions of the known deposit and a new finding along the fault. Throughout the drilling they have continued to prove the continuity of gold throughout the fault zone to date. Of course with 37 km of fault we could be here awhile.
e) Taken Ontex to the senior Canadian Exchange.
f) Conducted drilling on the Pifher properties which we should be receiveing assays from shortly.
Take all this in the light that currently casts down on the entire mining industry and this is fabulous progress under the circumstances. In fact only a handful of junior mining companies are actively involved in drilling this past year and we are involved with 2 of them in one company. Should the precious metal complex regain a little lustre money will flow into the juniors who are active.
With the TSE a new following of brokers will begin a little coverage on the stock as they will at least want to know who and what this company is all about. Should the precious metals pick up and investors want to add mutual funds to there portfolios the odds are much better that Ontex will be included in some of the funds with its new listing. I think all bodes very well for our little company in the foreseeable future.
As for value of the company, I think a great case can be made for prices at multiples of current levels. Look for Ontex to appreciate to a more accurate reflection of its intrinsic value into the new millenium.
Last but not least I would like to personally thank the individuals who make this all happen. My hat goes off to Sam, Ross, Gary, George,Tony, Armand and all the other members of the drill team who spent more then a few days getting dirty. Without theit efforts we would have accomplished very little this past year.
Merry Christmas and Happy Holidays To all
Mark
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News