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Bullboard - Stock Discussion Forum 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... see more

TSXV:GQC - Post Discussion

Goldquest Mining Corp > Mining is a matter of National Security to the DR
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Post by goldenrivit on Mar 02, 2022 11:35am

Mining is a matter of National Security to the DR

The DR imports all of its oil and most of it raw grain to produce food.If the tourisim drops 20 to 25% as a result of the global crisis of the Russian invasion and economic slow down due to high inflation and a global recession the DR could face a 30% to 40% drop in tourisim on top of the lost revenue from covid.The only thing the DR has going for it is rising gold price exports.The PV mine is critical to the DR and its permit is now a matter of National Security to its economy.Romero is the only shovel ready gold mine  in the DR and the Russian invasion/covid has made it also part of National economic security.Romero will get its permit along with Barrick is my prediction.
Comment by goldenrivit on Mar 02, 2022 12:16pm
A simple stroke of a pen restores mining confidence in the DR.The longer Luis waits the higher the costs go"Wheat prices trade ‘limit up’ again, hit highest in nearly 14 years amid Russia-Ukraine conflict
Comment by PeterOffDuty on Mar 02, 2022 4:31pm
With all due respect, I disagree. Yes people will finally be able to sleep better at night if things go forward but every day this goes on, and it has been 7 years now, investors will either be extra cautious and want a commitment worth something or they will seek out safer jurisdictions. This massive screw up on Abinader's and Almonte's part will not be forgotten for a long time. They had ...more  
Comment by Yonexx on Mar 03, 2022 3:13am
There are 2 types of delay. The first one is because of not wanting to take any political risk. And the second version where people work hard in the background. We see both here is my best guess.  I for one dont think the delay is that bad persee in the long run. If they delay shows a lot of work is done, investors are happy they waited, and can trust luis he aint going for short cuts.
Comment by Yonexx on Mar 03, 2022 4:31am
Ukraine is considered the "breadbasket of Europe", while Russia is the world's largest wheat exporter. In two weeks, the farmers must start sowing in order to be able to harvest grain in the summer. It seems almost impossible now that the war is spreading across the country.   A Ukraine farmer warns that the whole world will experience the consequences. “There is a global ...more  
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