Goldquest Mining Corp V.GQC

Best snippet from NR:

[Krishak5]

In a separate letter to Mr. Massola, Minister Almonte stated that the government apologizes for the delay and assured GoldQuest that the new government is committed to supporting responsible mining and foreign investment. He also emphasized that the government is aware of the time the company has waited for a decision and assured the company that the Ministry is working hard to speed up the process of mining projects.

GoldQuest’s Romero gold project has been paralyzed for several years awaiting government approval, specifically the President’s final approval, to commence formal environmental studies, which, according to independent engineers JDS, could result in life-of-mine expenditures of US$550 million and create up to 1,000 jobs in the construction phase and 343 permanent jobs during the operation phase. (see details of the JDS Pre-Feasibility Study filed on SEDAR November 11, 2016).

The Company is well funded with C$15.7 million in cash reported at the end of Q3 2020.

 

[topoftheridge]

agreed, that is my favourite quote too. Personally, I don't think you apologize and then deny it later. Good luck all, Go Bills.

[iluv2buyem]

And the news releases to come will be even better !

[topoftheridge]

iluv, a wise man reminded me yesterday "trust the process"

[palfryville]

Awesome validation in the NR.  The letter also makes it very clear we are in the starting blocks stretching and waiting for the gun start.

[Buckfinder]

I agree. I think the chances of a exploition permit has risen to 90%. GLTA

[topoftheridge]

I think higher than 90% but I should not get too far ahead of things.

[iluv2buyem]

Yes top . The process is in place . And the permit is 100 % going to be issued . Ther current trip by the Minister is a sales job to the community - GQC hs always been great corporate citizens . They hav contributed to the local community via services and jobs and the locals DO want GQC back . The environmentalist warriors are now behind the proverbial 8 ball . GQC is a MONSTER ! GLTA