Bullboard - Stock Discussion Forum 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... see more

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TSXV:GQC - Post Discussion

Goldquest Mining Corp > Best snippet from NR:

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Post by Krishak5 on Jan 15, 2021 9:01am

Best snippet from NR:

In a separate letter to Mr. Massola, Minister Almonte stated that the government apologizes for the delay and assured GoldQuest that the new government is committed to supporting responsible mining and foreign investment. He also emphasized that the government is aware of the time the company has waited for a decision and assured the company that the Ministry is working hard to speed up the process of mining projects.

GoldQuest’s Romero gold project has been paralyzed for several years awaiting government approval, specifically the President’s final approval, to commence formal environmental studies, which, according to independent engineers JDS, could result in life-of-mine expenditures of US$550 million and create up to 1,000 jobs in the construction phase and 343 permanent jobs during the operation phase. (see details of the JDS Pre-Feasibility Study filed on SEDAR November 11, 2016).

The Company is well funded with C$15.7 million in cash reported at the end of Q3 2020.

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Comment by topoftheridge on Jan 15, 2021 9:19am

agreed, that is my favourite quote too. Personally, I don't think you apologize and then deny it later. Good luck all, Go Bills.

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Comment by iluv2buyem on Jan 15, 2021 9:24am

And the news releases to come will be even better !

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Comment by topoftheridge on Jan 15, 2021 9:29am

iluv, a wise man reminded me yesterday "trust the process"

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Comment by palfryville on Jan 15, 2021 9:37am

Awesome validation in the NR. The letter also makes it very clear we are in the starting blocks stretching and waiting for the gun start.

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Comment by Buckfinder on Jan 15, 2021 9:24am

I agree. I think the chances of a exploition permit has risen to 90%. GLTA

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Comment by topoftheridge on Jan 15, 2021 9:30am

I think higher than 90% but I should not get too far ahead of things.

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Comment by iluv2buyem on Jan 15, 2021 10:23am

Yes top . The process is in place . And the permit is 100 % going to be issued . Ther current trip by the Minister is a sales job to the community - GQC hs always been great corporate citizens . They hav contributed to the local community via services and jobs and the locals DO want GQC back . The environmentalist warriors are now behind the proverbial 8 ball . GQC is a MONSTER ! GLTA

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Goldquest Mining Corp