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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 08, 2012 1:00pm
183 Views
Post# 19885314

XG has over 3 Moz gold equivalent

XG has over 3 Moz gold equivalent

If you're gonna post here and slight me at least try doing some of your own research

 

And their deposits are also growing....

 

How about Kinross with 150 Moz of gold equivalent trading for a $7 billion market capitalization?

 

What's the value on that gold per oz.. anyone wanna do the math? 

 

Oh right.. 1/2 of their gold is located in un-permitted projects or is subject to write-downs due to not being patient in making acquisitions...

 

You can state this is a buy-out candidate all you want but the times are a changing I hate to say it...  Every gold major has been punished for doing premature acqusitions of over $1 billion dollars.. that is why all these companies are having the speculation sucked out of them...  you think a major is gonna walk in and snap up PVG and make the same mistake after being told by the market several times they don't like these deals?

 

Almost every gold major last year over-paid 200%-300% for their acqusitions if they had just waited for the speculation to come out of the market and avoid buying at record high gold prices.. once again what makes PVG different than RMX and XG?

 

 

I rest my case - you're all welcome to try and save the share price here but don't say I didn't tell you so if this follows the same trend as the other 99% of gold stocks that are also great companies

Bullboard Posts