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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 TedOwenson Sep 10, 2012 4:33pm
313 Views
Post# 20343972

Pretium loosing luster

Pretium loosing luster

The latest news outlining reductions in resource categories as attached to the Pretium play is very significant for the future bottom line of the company and its shareholders. The profitabiltity margins on these remote area plays are much more sensitive than what would be experienced, lets say closer to Timmins, principally due to the enormous capital costs attached to getting the gold out of the ground and as such, the latest news is very concerning to say the least.

 

Like the saing goes, margin is the issue of importance these days and especially so on high capital infrastructure projects like Pretium's so unless gold goes a heck of a lot higher than where it is now, dont expect the share price to go anywhere near what it would have had the capacity to go in the past.

 

Tedsky,

Bullboard Posts