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Gold/Mining/Energy : Ontex Resources (ONT Alberta)

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To: Farm Boy who wrote (491)9/23/2000 2:20:24 PM
From: mark warburton   of 519
 
Nice to see this little investment growing in value. Some nice action in the stock lately. I am sure some have grown tired and will exit at these levels and some will stay the course, like myself. It has been a fairly long haul watching the company get the property out of the courts and back into exploration. Achieving the TSE listing was a reassuring development in that the properties are significant in their geology. The management team stays steadfast on developing the properties to their ultimate potential.
At the AGM the company stated that it would be conducting a new resource calculation on the properties to more accurately reflect the reserve calculation. As the old Placer reserve estimate, was dated and a lot of holes have additionally been drilled. I look forward to a significant increase in the gold reserves on the properties. My understanding is that a few more holes have to go in and then the resource calculation should be completed and released. Don't worry, there is gold at the end of the rainbow.
Mark
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