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Goldquest Mining Corp V.GQC

Alternate Symbol(s):  GDQMF

GoldQuest Mining Corp. is a Canadian mineral exploration company. The Company is focused on gold and copper in the Dominican Republic. The Company holds 19 exploration permits (granted or under application) and one exploitation permit (under application) concessions in the Dominican Republic. These concessions are grouped into various districts. San Juan District, includes Romero (exploitation permit under application), Jenigbre-II (Jenigbre), Valentin-II, Loma Los Comios (actual Loma Los Limones), Loma Cachimbo-II (Loma Viejo Pedro), Los Gajitos and Los Lechones (together actual Alto de Los Chivos), Descansadero (actual Gajo La Guama), Tocon de Pino-II, Las Tres Veredas (actual Palo de La rosa), Piedra Dura-II, Tachuela Fase-II, La Guinea, Toribio (actual Arroyo La Vaca) concessions (Tireo Property). Jarabacoa District includes Monte Verraco and La Rabona concessions. Its regional exploration includes Loma El Catey, Loma La Damajagua, Hoyo Prieto-II and Recodo concessions.


TSXV:GQC - Post by User

Bullboard Posts
Comment by contrainvestoron Dec 05, 2007 1:23pm
202 Views
Post# 13919639

RE: gqc only 48 mill. shares

RE: gqc only 48 mill. sharesMaster, it is actually 59 million and change, as all of the $0.35 warrants were exercised in July and August; check the financials that were filed last week. They also had about $4 million as of September 30; probably more like $3 million now, but should still be more than enough to take them until the end of the first quarter next year, but more importantly they will not need to raise money until they drill some of those deep holes, which will hopefully really excite the market; not that I am comparing, but remember that ARU had some good early drill results, but it was when they started drilling at depth that they discovered the motherload. Based on how the grades appear to be getting higher as they drill deeper, there seems to be similar potential here. Also, I would not read too much into some of the misses because that is what happens when you are doing early exploration work; you need to determine the geology. They have also been drilling around areas where they had some good grab samples, which sometimes can be a red herring. I would imagine going forward there will be less misses as they gain a better understanding of the geology. And give them credit for reporting the misses, which most junior companies don't do. These guys are not the best at promotion, but they make it easy to stay long because you know what is going on. Cheers.
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