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Message: Is Ontex going it alone?

Is Ontex going it alone?

posted on Feb 06, 2009 11:37AM

I think for Ontex to mine its own gold it would probably cost them around 600 an ounce to take out the ground. 1000 dollars - 600 dollars = 400 dollars profit for ounce at a POG of at least $1000+. I would say that is a lot better then the current 30 dollars in the ground that the current price of 25 cents represents. Now some of that 400 dollars profit could be used for further exploration. At then end of the day Ontex share price has to be much much higher then what we are getting now. The Ontex management team has a lot of important choices to make: I am hoping they are about to be making them very soon.

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