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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 15, 2020 12:00pm
180 Views
Post# 30695363

RE:RE:Another dose of reality..

RE:RE:Another dose of reality..  Paths,  welcome back  Youve missed  a pile of significant events over the last few months..   Your  knowledge of  geostatistics  was a valuable addition to  discussions  here but I feel compelled to remind you  that  I  always challenged your opinions that   grades  of   14.5  or   12.6 grams  were realistic.  Time  has proven  that they  werent just   optimistic  ,  but grossly   overoptimistic.  
I   believe you owe an  explanation /  apology   to those who  put  faith in you opinions  and  lost  money  because of it.

I  disagree that the SP   has bottomed in the  short term.  I fully  expect the write  down  in  reserves at the end of the month to provide another  20-30%   haircut.  Even if  I am being overly  pessimistic on  the exact numbers ,  early April  has to  be a better buying opportunity for those inclined  to buy

I  am  fully  cognizant  of the theory  of  marginal  cost  accounting .  but have absolutely  zero  intention of  explaining it here......... too many people  here   dont  understand  mining  engineering 101,  never mind more esoteric  concepts.

To  call   the need for a replacement  CEO  a disruption is somewhat  disengenous.  Joe  O  has been proven to be incompetant and a liar.  His  replacement  deserves a pile of options    because he has a tough row to hoe.  The damage has been  done  both to the mine as well as PVGs  reputation.
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