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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Post by sootson Jul 23, 2020 1:01pm

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Post# 31308712

GQC's True Value

Assuming, as we are, that a permit will be granted in the near future, I have tried to assess the minimum SP for GQC, once the permit has been granted.

There are 3m oz of proven gold, and let's assume that's worth about $100 per oz in the ground.

So 3m x $100 = $300m. The ratio of the current market cap to the new market cap is therefore 1 to 3.59. So the true value of GQC should become AT LEAST $1.17.

But with extra discoveries waiting to be found / proven at Cachimbo etc, the SP must be worth quite a bit more. Anyone got any ideas on how much ?

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