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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

Post by BSdetector2016on Feb 12, 2020 4:34pm
277 Views
Post# 30682021

The mill is always right

The mill is always rightIt is the chief assayer and it tells you what the head grade was, not the resource geologist. My main worry here is not so much about grade; it's about tonnes. If there is a reduction of reserves because some of the tonnes become uneconomic to mine (write-downs) then there is a real problem. Fewer tonnes at lower grade mean a shortened minelife. Then there is that long-term debt. I made good money on the last run-up after the last gap down but fortunately went into these earnings shareless. Others were not so lucky. I'll say it: the shorts were right about this one.
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