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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 JimPharneyon Oct 14, 2011 9:19pm
457 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