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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

Post by goldenriviton Mar 24, 2023 8:22am
279 Views
Post# 35358121

GQC is not very liquid

GQC is not very liquidI have been adding for a couple of weeks to my position.GQC has very little shares trading on a daily basis.This is good as any whiff of the permit being ready to be issued will be swamped with buy orders as the in situ gold trades at less than $10 per oz,GQC should do a unpdated FS to reflect the current price of gold adding $800 per oz to $2000 from the FS at only $1200.The price of gold has increased much much faster than the current inflasion rate of 6% making Romero as one of the worlds highest profit mines.That $800 per oz increase falls right to the bottom line and a motive for Luis to issue the permit to collect the 40% of mine profits that are groosly under stated in the FS.

I see a stampede of Gold funds buying into GQC on granting of the permit that I think could be very near.We shall see.In the mean time I will keep adding on low volume days.
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