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Goldquest Mining Corp V.GQC

Alternate Symbol(s):  GDQMF

GoldQuest Mining Corp. is a Canada-based mineral exploration and development company. The Company is engaged in the identification, acquisition and exploration of mineral properties. It is focused on gold and copper in the Dominican Republic. Its projects include Romero and Tireo. The Romero project includes its Romero and Romero South deposits, which are located within the La Escandalosa exploration concession of its Tireo Property, which has an area of approximately 3,997 hectares (ha). The Tireo project (also known as the San Juan concessions) is situated in the Central Cordillera of the Dominican Republic near the San Juan provincial capital of San Juan de La Maguan. Its other projects include Las Animas and Cerro Dorado. Its Las Animas project is situated approximately 100 kilometers (kms) north-west of the capital Santo Domingo. The Las Animas project comprises of over two claims. Its Cerro Dorado project is located in the Monsenor Noel province.


TSXV:GQC - Post by User

Bullboard Posts
Comment by JimPharneyon Oct 14, 2011 9:19pm
454 Views
Post# 19151770

RE: This could prove to be interesting

RE: This could prove to be interesting
Architec. I think you are probably right about the future for Goldquest but it will take some time and more ounces. There was a ticker trax article by Danny Deadlock on stockhouse today. It discusses valuations of some recent mergers. It shows GQC is at the low end of valuations but not below. $15-40 per ounce in the ground. I thought it was worth reading.

https://www.stockhouse.com/Columnists/2011/Oct/14/Junior-gold-valuations--Ticker-Trax-Roundtable

One of the things that I was looking at today was the number of shares insiders still hold. It's a lot.


Goldfields owns over 14 million shares and has wts on another million

Bill Fisher probably already has more money than he'll ever spend after Aurelian but has over 600,000 that he has acquired and options on another million

The new President Julio has options on over 1.5 million.

An Irish mining and O&G incubator, Minmet plc shows over 5 million shares.

There a lots of good shareholders so I think they will work at building this one too but sometimes the wait gets tough especially in this kind of market.
Bullboard Posts