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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

Comment by miningmanon Dec 02, 2019 1:04pm
96 Views
Post# 30413775

RE:Chinese take-out of Continental Gold at $5.50/sh

RE:Chinese take-out of Continental Gold at $5.50/sh  On  the contrary ,   todays  takeover  of CNL  is priced exactlly   at what the market deems it to be worth.  A willing  buyer  and a willing seller  agree to a 23%  premium ,  what could be fairer???

Further analysis   shows that  $1.4 Can   billion  being spent to buy 11.34 million  ounces which is almost exactly  $ 125  Can  per ounce.  Exactly in line with recent   takeovers within  the gold  mining industry.


If  we apply   that  $125  per ounce to PVG's   16.2  million ounces ,  we gat a value of    $2.025  billion  , or based on  185  million shares,  or  $ 10.94  Can per share.

Which suggests  that  at todays  SP of   $13.95,  PVG  is overvalued   and  potential  buyers are not  lined up at the door with  their chequbooks   unless and untill  the SP  corrects itself
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