Goldquest Mining Corp V.GQC

Alternate Symbol(s): GDQMF

Metals & Mining Industrial Metals & Minerals

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.

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Goldquest Mining Corp

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Comment by Silverwhereon Apr 06, 2016 10:14am

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Post# 24736044

RE:Analyst report on GQC dated 27 February 2016

Thanks!

From Presmont Group’s report, page 4 (from santi69's link below):

“GoldQuest currently trades at 0.16 x NAV as opposed to other gold companies in the development stage that trade between 0.25 and 0.70 x NAV. Depending upon which companies you choose in the developers group, the companies average between 0.50 and 0.60 x NAV (consensus estimates). Most of the junior gold producers trade between 0.90x NAV and par. Since GoldQuest is moving towards completing its Pre-feasibility study we believe that the company should trade more closely to other premium gold developers and producing companies. GQC’s shares should re-rate as the company de-risks the project.
This justifies our valuation range between 50 and 60 cents for the share price, with fair value (FMV) per share of 56 cents. The 56 cent valuation is based upon a 0.70 x NAVPS multiple to the 0.80 cent per NAVPS.”

My opinion only:
0.90 x NAV x 0.80 per NAVPS = $0.72 per share in less than12 months.