Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 sailor8on Aug 09, 2020 12:41pm
936 Views
Post# 31384559

Snowfield estimate: now at 0.5 g/t cut - off grade

Snowfield estimate: now at 0.5 g/t cut - off gradeFor those who are a bit sceptical about a 0.3 G/T cut-off grade here the same from the technical report for a 0.5 gr cut-off grade...
----------------
SNOWFIELD ESTIMATED MINERAL RESOURCES BASED ON A CUT - OFF GRADE OF 0.50 G / T

User image

...Parameters used in the estimate include metals prices (and respective recoveries) of US$1,025/oz. gold (71%), US$16.60/oz. silver(70%), US$3/lb. copper (70%), US$19/lb. molybdenum (60%) and rhenium US$145/oz (60%). The pit optimization utilized the following cost parameters: Mining US$1.75/tonne, Processing US$6.10/tonne and G&A US$0.90/tonne
along with pit slopes of 45 degrees...


All said in February 2011, NI 43-101 & 43-101F1 TECHNICAL REPORT...

Well, as a shareholder I am rather exited about such figures. I would not sell such a treasury ! It is always good  to have a second (working) mine in the hands. Think how many aditional years we can mine this bulk deposit (at present Brucejack production and earnings rates). Big Hydroelectric power is around the corner of Snowfield. 

Hint: 25,211 koz divided by 346 koz present = .... !!!
--------------
PS: Is there perhaps a rumour in Baystreet about Snowfield, that Joseph Reagor  (Roth Capital Partners) came to his "Snowfield question" ?
<< Previous
Bullboard Posts
Next >>