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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
Comment by bepracticalon Oct 22, 2013 12:35pm
222 Views
Post# 21837657

RE:If the 1st report is from the lesser grade sample

RE:If the 1st report is from the lesser grade sampleThis first batch of results was from the lowest grade area of the bulk sample. In my view, I believe the result was within expectations for this particular area.
I think the negative market reaction is due to Strathcona's extreme comment that there is NO VALID RESOURCE at the VOK and this has spooked investors. Snowden is in total disagreement with the Strathcona position and will bring in an expert to review the up-coming mineral resource update.
It makes one wonder.........why was a second consultant brought to the table. The Strathcona tower sample grades 2.08 g/t and the Snowden actual mining result was 4.03 g/t. A difference of almost 100% between mini-samples and actual bulk mining samples.
Bullboard Posts