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GoldQuest announced the results of its initial Romero PEA in May of last year. The 2014 PEA – What The Market Didn’t Like: I’ve stayed with the story because I have great respect for current and former management and the prospectivity of their Dominican projects, especially those in the Tireo Gold Belt.

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During that period the company has made not one but three discoveries in the Dominican Republic (Las Animas, Romero South and Romero) each of which resulted in 200% plus share price moves (2000% in the case of Romero, and 600% in the case of Animas). My Hard Rock Analyst newsletter service has followed GoldQuest for several years.

Demonstrating the viability of Romero validates not just that resource but the entire Tireo Gold Trend.This is one of my favorite stretches of geology and one I fully expect will host multiple discoveries.Much of the belt has received no exploration.There is A LOT of blue sky here.

GoldQuest management has direct experience developing and building a mine in the Dominican Republic.That mine, Cerro de Maimon, triggered a $184 million cash takeover and is still a highly profitable operation.

GoldQuest’s current enterprise value is about $3 per gold equivalent ounce or ONE TENTH the value attributed to “financeable” projects.

Companies in GoldQuest’s peer group with financeable gold projects trade at $25-50 per resource ounce (some a lot more, actually).

I expect this new PEA to demonstrate a low capital intensity project with very high margin per ounce.

Management is on the verge of announcing an updated PEA that will focus on the high grade core with a smaller and simpler mining and milling plan.

GoldQuest reported an initial PEA in 2014.It had excellent operating costs but high capital costs concerned traders and the value of the discovery was discounted.

Romero is part of the “ Tireo Gold Trend” which was discovered by GoldQuest and hosts numerous other showings along its 40 kilometre length including the new Ginger Ridge discovery announced by Precipitate Gold (PRG-V, PREIF-OTC) in late 2014.

GoldQuest made a new discovery at Romero in 2012.Drilling proved up a resource of 3.2 million ounces gold-equivalent (gold + copper, 2.4 million ounces Indicated, 0.8 million ounces Inferred).You want to get acquainted with this story and this important new gold trend now.įirst the Bullet Points – I Fill in the Details Below: That tells me that news on the PEA is coming very soon. The engineering group handling the PEA has a reputation for delivering on time. In the case of GoldQuest I think we will see the trigger (the PEA release) within a couple of weeks. We’re still waiting for the trigger event on that one. The last email you received from me concerned a company that is now trading about 50% higher than its price when that email was sent. Based on my knowledge of the resource and GQC’s management I’m confident the new PEA will be impressive and be a big positive surprise to the market. I’m expecting to see a news release on the new PEA very soon.

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Companies can issue the results of these studies up to 45 days in advance of receipt of the full report. Management indicated the report would be complete in Q2. GoldQuest Mining (GQC-V, GQCMF-OTC) is about to issue a new Preliminary Economic Assessment (“PEA”) for its Romero gold-copper resource. GoldQuest Mining – A new study will turn this market around and bring new focus to an underappreciated mineral belt.

This is not a recommendation to buy or sell any security.

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