THE GOLDEN RULE - Over the past 2.5 years valuations ranged between 10% - 14% relative to spot gold, for gold company takeover targets, hosting  in- ground / non producing gold reserves, plus an additional premium for related under-developed properties, tax losses and other assets.  Today’s Closing Spot Gold: US$879.30

Have fun working with the Ontex valuation numbers –

The valuation is greater than the $0.92 share price of Nov. 6, 2007