Newcrest Mining Ltd NCMGF

Primary Symbol: A.NCM

Metals & Mining Gold

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.

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Newcrest Mining Ltd

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Comment by goldguy007on Nov 21, 2014 11:37am

200 Views

Post# 23152022

RE:RE:RE:RE:RE:To our dear friend Magnum.

He may have said that and he is a value stock buyer and holder as per the teachings of Ben Graham.

That value buying principal also applies to precious metals, although Buffett is very negative on gold, because it can't be valued using the methods used to valuing stocks.

PVG traded briefly above Tuesday's recovery high at 6.26 USD.

Gold doesn't look like it has strong resistance until it reaches $1240.

It is too early to take profits here, unless you are very nimble and a short term trader, IMO.

goldguy

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