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Message: Gold in the ground - Question

Interesting post. Since Ontex is the only company with a 43-101 resource estimate, of 855,000 ounces lets take a look at their valuation.

103,000,000 shares outstanding * $0.375 closing price today = $38,625,000 market cap.

$38,625,000 / 855,000 = $45.17 / ounce or 4.5% the POG.

And this isn't even factoring in ANY of the drilling done in 2009.

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