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.

TSXV:GQC - Post by User

Goldquest Mining Corp

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Post by sootson Sep 29, 2020 8:04am

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Post# 31633968

GQC's Potential

We have about 2.5m oz of gold in the ground, probably much more once Cachimbo has been explored. This would be worth well over $4 billion US$, based on $US1,750 per oz.

GQC is currentlty valued at about $64m (US$). If you take just one tenth of the value of gold in the ground ($437m US), reflecting the issues / tasks / taxes involved in getting the gold out of the ground, then the SP should be nearly 7 times what it is currently.

So according to my (probably flawed) calculations, the SP should be worth around $CAN 2.26 in due course, not allowing for potential takeovers, which could push it much higher ...

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