17:55:28 EST Fri 05 Dec 2025
Enter Symbol
or Name
USA
CA



Goldquest Mining Corp
Symbol GQC
Shares Issued 192,937,680
Close 2016-05-27 C$ 0.31
Market Cap C$ 59,810,681
Recent Sedar Documents

Lundin says buy back into Goldquest

2016-05-27 20:14 ET - In the News

Brien Lundin, in the May, 2016, edition of the Gold Newsletter, says buy back into Goldquest Mining Corp., recently 31 cents. Mr. Lundin previously said buy in April, 2013, at 35 cents and in June, 2014, at 27 cents. He then said sell in April, 2015, at nine cents. Assuming a $1,000 investment for each of the two buys, selling the $2,000 position at nine cents would have yielded a loss of $1,439. Mr. Lundin says he stopped covering Goldquest in 2015 because the market had lost interest in exploration stories, even though he himself liked Goldquest's assets in the Dominican Republic, especially the Romero project. With gold markets starting to perk up again, and with Goldquest about to release a prefeasibility study on Romero, Mr. Lundin is putting the stock back on his list. He points out that a 2015 preliminary economic assessment of Romero calculated a net present value of $219-million and an internal rate of return of 34 per cent. Goldquest has enough money to finance a prefeasibility study, which is expected to come out later this quarter. A full feasibility study is expected by the end of the year. With all this news scheduled to arrive over the coming months, Mr. Lundin reckons that "the time is right to invest in Goldquest."

© 2025 Canjex Publishing Ltd. All rights reserved.