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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

Bullboard Posts
Post by RicherNowon Dec 03, 2011 11:09am
648 Views
Post# 19289244

Just Wait

Just Wait
It's been a while since I've posted.  I had no doubt that this type of update was coming.  I have a friend, Laura Stein, who visited Brucejack as Bob Quatermain's guest on a PVG sponsored analyst visit, in July I think was.  Laura is a longtime friend of Bob Quartermain's and we have been following PVG developments since the first PR was issued.....my background is in gold exploration geology and mine geology....from the beginning it was very clear to me that PVG had the chance to show continuity in thickness and grade for those +-16 thousand g/t grades heralding the Valley of the Kings.....from the beginning the these ultra high-grades were cut to 140 g/t... >>>>>> For me the real story would reside in the grade of this top cut-off in the 2011 drilling resource calculation.....>>>>>>.WHAT EVER number was used, it was going to be the result of the rigorous statistical analysis AND BANKABLE support.... (which actually comes in the feasibility study where the resources become RESERVES).....
Now it is 900 G/T!!!....that means they hit the high-grade zones repeatedly with close-spaced drilling...BINGO!!!..That is BANKABLE, IMO.....***...From a geological viewpoint, this is the most impressive and robust gold field anywhere... with grades like I had never seen.... I have held the VOK core in my hands and marveled at the showiest gold ever...
.***...The best is yet to come IMO... Bob Quatermain is a master at this, he is not done producing events that create tremendous shareholder value, bottom line..... and as another post suggested  ..wait until next years drilling comes in....Not Investment Advice DYODD. I hold warrants presently.    
                    
Bullboard Posts