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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 sailor8on Jan 03, 2022 11:55am
427 Views
Post# 34279229

Fact check: The Snowfield "sale"...

Fact check: The Snowfield "sale"...Back in Dec. 2020 Pretium / O `Brien sold our great property "Snowfield" for only 100 mUSD cash to Seabridge. Snowfield contains 25.9 million oz Gold in measured (at 0.82 gr/t) and indicated (at 0.55 g/t) gold.

This came as a big surprise to Pretium shareholders... a Surprise by our "board chair" O`Brien. He managed to sell our huge Snowfield gold for less than 4 USD per ounce in cash !!! Unbelievable if you have a longer time horizon than this strange Muppet O`Brien.

What happens to Snowfield? We will know it exactly in Q2 of this year with a new study about Snowfield to be released by its new owner Seabridge. 

What we know so far from a two month old article:

..The first Snowfield drill hole for which Seabridge has received assays returned 430.9 metres grading 1.08 g/t gold, 0.19% copper and 2.2 g/t silver, including 85.5 metres of 1.27 g/t gold, 0.22% copper and 2.3 g/t silver.


Snowfield is an open pit project. Now compare this Snowfield grades with the so highly praised "Red Chris" mine from our very special friends at Newcrest...

Initial Ore Reserve estimates for:  Red Chris: 480Mt @ 0.52g/t Au


milled Red Chris: Average gold grade g/t 0.56


------------
As O`Brien destroyed once the long term really  great Snowfield project for Pretium, his mission is now to destroy / sell our whole Pretium gold, huge land mass and royalties. All deeply under-priced to Newcrest.  Seems deeply under-priced sells of shareholders assets/ properties are very attractive for this man...

Said figures from the Snowfield disaster speak it out clearly: Do not trust O'Brien in any way ! 

Vote Against the stink price Newcrest offer and submit your vote with your filled in Control number on your vote !

Kick out O`Brien and his gang !  


Sources for the figures:
Snowfield gold reserves/resources measured & indicated: https://www.pretivm.com/news/news-release-details/2011/Pretium-Resources-Inc-Snowfield-Resources-Increase/default.aspx

First drill assay result for Snowfield (November 2021): https://www.mining.com/seabridge-looks-to-integrate-snowfield-into-ksm-gold-copper-project-in-bc/ very interesting read for the whole article...

Newcrest grades for Red Chris: https://www.newcrest.com/sites/default/files/2021-11/211109_Newcrest%20agrees%20to%20acquire%20Pretium%20Resources%20%E2%80%93%20Presentation.pdf see "Endnotes" on page 27
and
https://www.newcrest.com/sites/default/files/2021-10/211012_Newcrest%20advances%20its%20global%20organic%20growth%20portfolio%20%E2%80%93%20Market%20Release%20_0.pdf

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