Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Sep 29, 2012 7:08am
253 Views
Post# 20427228

RE: RE: RE: RE: RE: RE: Lots of discovering to do

RE: RE: RE: RE: RE: RE: Lots of discovering to do

Your original post made some good points, but I think you are now overgeneralizing.  First of all, there is no such thing as "typical $50 per ounce".  There are juniors trading much lower than that and others trading much higher.  My recollection was Goldcorp bought out Andean for around $1,000 per ounce.  Grade is very important.  With the copper grades they have been getting, you would probably be mining the gold for free, so this rock would be worth much more than $50 per ounce.  Secondly, you seem to be forgetting that Romero is part of the Les Tres Palmas district, which GQC has only scratched the surface on because they have not had the money to drill.  I look at the close to surface results at Hondo and La Escandalosa and now Romero, and some of the other samples they have found throughout the district, and over time who knows how many ounces are here.  Your average resource estimate would usually include tens of thousands of metres of drilling and you are trying to make a conclusion based on 1 or 2 holes - with all due respect, you obviously do your research, but that type of conclusion is a bit naive.  In the end you may be correct, but that may be just as much from luck as good research.  If they are able to stretch out Romero with a few more holes, I hve not doubt that a major will be sniffing around pretty quick because its the type of district where you can start out with 3 or 4 million ounces which you know are there and can mine cheaply but also know that after drilling a couple of hundred thousands of metres, you can probably  expand to over 10 million ounces.  Don't get me wrong, there is still alot of risk here, I just wanted to point out where I think you have put forward some oversimplified arguments.

Bullboard Posts