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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@HRA-CoffinThey have no idea how big it is red anon. Its only one hole. The important thing is how high the grades are, especially the gold and silver. Only some VMS camps are capable of generating high precious metals grades. The Tireo seems to be one of them. The other is that its VMS. Those never show up alone. Where there is one there will be more. Keep in mind $GQC has at least 15 other targets. Not to mention they have 3 million ounces gold equivalent going through feasibility and permitting.
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anonymousThank you Eric
SEDI_botGoldQuest Mining Corp. $GQC just filed 2 reports. View full report: SEDI:GQC
@Andrew$PRG It seems like a good time to be picking shares up if one believes in the potential of the companies land holding. $GQC newest discovery is approx. 2KM away form $PRG Ginger Ridge target. Just a bump in the road I suspect.
@M_B#MIF$GQC also onto a great potential discovery on what is a complex but endowed VMS system. Only scratched the surface in their exploration program with bigger IP anomalies closer to Romero still to be drilled- keep an eye on it- I'm guessing they will return as a market darling after a two year cool-off.
@kjmThis from Bill, answering a stockhouse poster ...We are continuing to drill along the 20 km stretch for the remaining 17 targets that have never been drilled as we generated them in this recent work. Discovery from the 3rd target out of 20 is a great start, but only the start! We have the funds to do this.
The terrain is very steep, and we are carrying the rig, in pieces, with a team of locals, so we are continuing with the program. However, once we have done the “first pass” along the belt we will immediately return to Cachimbo, as we prioritize the follow up program. Clearly Cachimbo is a fantastic grade, and enigmatic as to having so much gold and zinc together (I’m not complaining!) but, if we continue to be successful, and find more Cachimbo’s then we will drill them all – this type of VMS deposits come like a string of pearls alone the plate boundaries, exactly as we have.
I expect to get back to Cachimbo in a couple of months and we will find out how big it is. All we know now is that the mineralizing fluids are very rich, and the conditions of mineralization allows for the metals to be deposited economically, and that the zinc part of a VMS ore body often is at the periphery"
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@DJSThanks @kjm. Very insightful. I don't have the time (or inclination) to wade through SH much anymore, so appreciate those who do and who find gem posts like that one from Bill bringing them across to CEO.ca.
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@HRA-CoffinLooks like $GQC is getting good #MIF vibes too. That was some pretty impressive drill core Bill Fisher and Jeremy Neimi brought along with them and the 3D Romero model was cool. They will have the full discovery intercept core at the core shack at #Roundup.
@LucTenHaveWhat a no brainer $GQC was in December at 22 cents. I think it is still a no brainer. With an NPV of C$267 million at today's USD/CAD rate, the P/NAV is 0.34. I think it is a no brainer until it reaches a valuation of 0.5 P/NAV (C$134m - $0.62). This is not even considering its exploration potential. So my target is clearly $0.62, and potentially much higher if their exploration continues to be succesfull
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@DJS@LucTenHave. Absolutely! Fully support everything you said. Using the same thinking, I managed to get a few more at 0.23 just before Christmas. $GQC is in my top 5.
@Excelsior@Onlyflaws Not yet. I've been watching the stock for some time and considered buying some in December, during tax loss selling, but opted to add to some existing positions and other companies.
It's a very interesting development stage company that deserves more recognition in the marketplace, but maybe it is due to the jurisdiction. Regardless, I saw the posts about the nice move today, and it had me taking another look. It only seemed right to congratulate the investors with positions in place on a nice upside tear. Cheers!
@JMNorthShoreOn Goldquest $GQC, we did have a long discussion with the CEO, who we like, regarding the project and the new hole. It definitely looks interesting but the company at the same time is trying to handle the advance of the Romero project. Honing the metallurgy to get a saleable copper concentrate is an issue they are currently resolving. We are on the sidelines for now.
@DJS@dirkdiggler Just curious why you say that Cook is the best in the newsletter biz? I would agree that he's very experienced and has had some good wins recently, but I've had much more success with the insights and reco's provided by @HRA-Coffin -- and Lawrence Roulston before him -- than Cook. I tend to find that Cook is so intent on proving his geological prowess by finding each project's "fatal flaw" that he misses the forest for the trees. My three best wins over the past 5 years began respectively with @HRA-Coffin ( $CGP ), Roulston ( $GQC - on my second multi-bagger with it) and $NXE (my own find back in the 0.30s when it first listed, later validated by CEO.ca). If I followed Cook's advice, I wouldn't have owned any of them.
@DJS@dirkdiggler Fair point and that's consistent with his primary motto -- which he reiterated in yesterday's Coreshack discussion -- that to him the most important thing is to not lose money. I agree with that logic to a point, but thankfully we're no longer in that type of market and the opportunity cost of missing (to name but a few) an $NXE, $CGP or $GQC, all of which have blossomed since 2011, is very high. I think you would agree with that thinking since you have had several major wins that you were in much earlier than Cook.
@DJS@bulava The WYD013 hole looks like a nice hit, but I agree it wasn't worth a halt. Look at how $GQC handled its announcement of a much better hole about a month ago – no halt and simply issued the press release well before market open. $SSP
@HRA-CoffinI have my own reasons for looking into the $UGD situation obviously, namely $GQC and $PRG. At this stage I don't think the Unigold situation tells us anything negative in general Dominican level. I won't bore you with the history but, for a variety of reasons, $UGD has total concession holdings that are way, way over the 30,000 ha per company limit. This isn't news, nor is it news that the DR authorities wanted Unigold to do something about this. There was a flurry of option deals a few years ago with associated companies that were an attempt to deal with this problem. Most of those projects ultimately came back to $UGD so they had the problem dumped in their lap again. The concession holdings may not be the only problem but it's certainly not helping so you may see $UGD drop some of the less interesting concessions to bring their total holdings down a bit. It also sounds to me like they started the renewal process only a few months ago, which is a lot later than they should have. The DR is SLOW when it comes to this stuff which more experienced hands take into account. If the intent is to renew the concession after letting the Unigold guys sweat a bit then the ministry won't let anyone else overstake it or anything and the tenure will be fine in the long run. Unigold may be able to get some backing from GoldQuest and Precipitate, or at least some sympathy though, frankly, they don't deserve it. Every time I have seen them do a presentation recently they have dumped on both $GQC and $PRG which is ridiculous given GoldQuest's project is far superior for a number of reasons. Why Unigold management would think crapping on their neighbours is in any way a smart strategy is beyond me, but that is what they were doing. It's quite possible this will still work out but if it doesn't, $UGD should not be surprised if the only reaction they get, especially from GoldQuest is along the lines of "Oh well. Sucks to be you".