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GoldON Resources Ltd V.GLD

Alternate Symbol(s):  NCMBF

GoldON Resources Ltd. is a Canada-based mineral exploration company, which is focused on discovery-stage properties. The Company is in the business of exploring its mineral exploration assets. Its projects include West Madsen, Slate Falls, Pipestone Bay, Pakwash North, McInnes Lake, McDonough and Hagarty Creek. The Pipestone Bay Property is located within the Red Lake Greenstone Belt (RLGB) approximately 32 kilometers (km) west of the town of Red Lake, the 1,015-hectare Pipestone Bay Property lies in an area of numerous significant gold occurrences, including two past producers and four developed prospects. The Hagarty Creek property comprises 17 mining claims covering 7,731 hectares. The property is approximately 46 kilometers (km) southeast of the town of Longlac in the municipality of Greenstone, Ontario. The McInnes Lake Property is located over 115 kilometers (km) north of the town of Red Lake. The West Madsen Property is located in the heart of the Red Lake Gold Camp.


TSXV:GLD - Post by User

Bullboard Posts
Comment by xdmmdx3on Apr 10, 2010 8:39pm
410 Views
Post# 16978661

RE: About the lack of drilling teams

RE: About the lack of drilling teamsMitas:
"Dont forget management managed to get peices of land we could hardly imagine aquiring...
Experienced team know what they're doing, if they want a drilling team they'll have it...."


This is an excellent point.  I still think its a dream...a nice dream though.  lol  I figured that if NCM were going to be able to use drillers that are experienced with any area they own land in, it would require those drillers to not be drilling the BIG AREA PLAYERS nearby.  However, if NCM's management pulls off drilling one of their properties in the next month or two I'll never doubt their ability again.  I've been adding shares slowly and surely, and I'm not done yet.  I'm not worried either way, because I always planned to be patient with this stock.

I've sold NOTHING here because its just too undervalued.  I can't even bring myself to trade it until its showing a reasonable valuation which is multiples higher than it is now.  I've been posting this same comment for months now.  I've bought many dips when they presented themselves, but I think if it breaks out the dips will be gone for a while anyways, until it finds its new plateau, wherever that may be.  I'm thinking that number may start with a 2.

Good luck to you and to all,

x
Bullboard Posts