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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 14, 2020 7:17pm
204 Views
Post# 30694186

RE:New Board Members Understand M&A

RE:New Board Members Understand M&A  Well this  is  not  the most ridiculous  post  on  this  board  ,  but consider this.  My  best estimate  for  revised reserves  is  4.5  milion  ounces,  lets say  5 million  being optimistic,   Value  per ounce  for   gold  in  the ground  is   around  $150,  lets  say  $200   to  make a generous   allowance  for  Snowfild  etc,   Remember there have been  some atroious deals  over the last decade  and aquirers are lot more disciplined in 2020.  So  thats an  even  1 billion.  With  185 million shares thats a take over price of   about    $5.40.    Obviouisly thats  not  going to happen  any  time soon  but if  the SP  gets hammered  once or twice more with a 30%   haircut ,  maybe it makes sense to someone.
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