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Newcrest Mining Ltd NCMGF


Primary Symbol: A.NCM

Newcrest Mining Limited is an Australia-based mining company. The Company's principal activities are exploration, mine development, mine operations and the sale of gold and gold/copper concentrate. The Company owns and operates a portfolio of brownfields and greenfields exploration projects. The Company’s assets include Brucejack, Cadia, Havieron, Lihir, Red Chris, Telfer and Wafi-Golpu. The Brucejack asset is located approximately 950 kilometers (km) from Vancouver, Canada. The Cadia asset is located approximately 25 km from Orange, New South Wales (NSW). The Havieron asset is located approximately 45 km east of Telfer. The Lihir asset is located on the Niolam Island, approximately 900 km from Port Moresby, Papua New Guinea (PNG). The Red Chris asset is located approximately 1,700 km from Vancouver, Canada. The Telfer asset is located approximately 400 km from Port Hedland, WA. The Wafi-Golpu asset is located approximately 65 km from the city of Lae, PNG.


ASX:NCM - Post by User

Bullboard Posts
Post by taylor1988on May 07, 2012 11:23am
225 Views
Post# 19879713

Too much hype built in here

Too much hype built in here

Yes the grades are phenomenal.. but no cash-flow and more dilution needed to fund the capex requirements here.

 

Still at least 3 years before a gold bar is poured and this is commanding a massive market capitalization for a company without any positive cash-flow.  

 

 

I agree there is the speculation about take-over but I don't think any major with their current share prices are interested in buying PVG near 52 week highs while every other gold stock trades near 52 week lows. 

 

 

You could make the same case for RMX which has very similar grades in a better jurisdiction and they're permitted and less than 1.5 years from producing... their market cap is $880 million but with $250 million in cash, so $600 million market cap for a permitted and closer to producing company with similar grades and a much better fit for Goldcorp.

 

 

I agree ABX would like PVG but don't know if they'd rush in at these prices

 

Bullboard Posts