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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 Feb 12, 2020 4:20pm
161 Views
Post# 30681919

RE:RE:RE: A pretty fair even well balanced summary

RE:RE:RE: A pretty fair even well balanced summary  Yep ,  Im  still looking for anothr 90 cent drop  in the SP  which will bring down  to the $6.60  level  in the short term.   But then  one has to ask  what will the revised reserve numbers look like.   Todays  NR   pretty well stated that  8 gram is as much as can be expected as a mill head going forward ,  which I  cant refute.

If the revised reserves come in at that level ,  all is good.   If dramatically higher  that will show the geologists still cant recognise reality   but it might be dramatically lower .  That will frighten  the instiutions  and will lead to another 20%   haircut.    So  even at 6.60   this is a falling  knife.  Caveat  Emptor
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