GENTRY RESOURCES LTD. (GNY.B - TSE) Message Board

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Gold/Mining/Energy : GENTRY RESOURCES LTD. (GNY.B - TSE)

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To: WWS who wrote (506)	5/31/2000 5:50:00 AM
From: Len Hynes	Read Replies (1) of 601

Hi WWS; The numbers are very comparative except that Causeway is producing significantly less hydrocarbons..i.e.~825 boe/d. For comparative reasons one would expect that Causeway's share price also be significantly less than Gentry's. As we have noted before, it will just be a matter of time before investors come swarming to this corner of the market and begin cherrypicking for stocks like Gentry. With approx.$.28 cents cash flow per share annually, Gentry should be trading in the $1.50-$1.80 range;a very poignant indication of the degree to which the stock is currently undervalued.I am confident that this will change in the near future. Once oil stabilizes at the current price level for another month or two,and we head into another heating season, investors are going to realize that these high prices will become entrenched.Companies like Gentry, with a strong balance sheet....reserve life index...icreasing production..etc. will become the darlings of investors wanting a piece of the junior oil and gas market There is no question that we will be paying a much higher price for companies like Gentry. Keep the faith!!! Len

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