Brien Lundin, in the July, 2016, edition of the Gold Newsletter, refreshes his buy of Goldquest Mining Corp., recently 46 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 said buy back into the stock in May, 2016, at 31 cents. A $1,000 investment then is now worth $1,483. Goldquest is about to begin a 10,000-metre drill program on its assets in the Dominican Republic's Tireo gold belt. Its recent geophysical study found five new promising trends, one of which runs for 17 continuous kilometres from the Romero project to the central area of the belt. Romero is Goldquest's flagship project and contains indicated resources of 2.38 million ounces of gold equivalent and inferred resources of 790,000 ounces. The company expects to complete a prefeasibility study on the project in the third quarter of this year. Between the study on Romero and the drill program on the other assets, Goldquest will not lack for news over the coming months. The stock remains a buy at current levels.
© 2024 Canjex Publishing Ltd. All rights reserved.