GoldON Resources Ltd V.GLD

Alternate Symbol(s): NCMBF

Metals & Mining Gold

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

GoldON Resources Ltd

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Post by beachmanon Jan 17, 2011 7:07pm

211 Views

Post# 17986521

Drill results

So I'm wondering what the expectations are for drill results. What will make the stock price move up?

I guess you know that if GLD's drill program hits nothing but barren rock you'll never hear another word about the drill program again and you'll certainly won't see any results..

I believe buying shares right now is extremely risky, nothwithstanding the decent amount of cash in the kitty. Practically speaking the stock is over valued. This is anything but a slam dunk.

I choose not to buy but to wait.

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