GoldQuest Mining (GQC, TSX-V), which closed at 16.5 cents Friday, has solid long-term prospects in the Dominican Republic and also holds important assets in Spain including a NI-43-101 resource at its Toral lead-zinc-silver project. The stock fell as low as 13.5 cents in late August before rebounding recently to its declining 100-day moving average (SMA) at 19 cents. With just over $2 million in working capital as of June 30, GoldQuest will likely have to raise more money before year-end in order to set itself up for an aggressive new round of drilling in the DR. The company does have a strong management team with a proven track record in the DR. Below is John’s updated GQC chart.
