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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
Comment by andrewdogon May 26, 2012 10:10am
403 Views
Post# 19949266

RE: RE: RE: RE: Sit tight and be eaten..or buy mor

RE: RE: RE: RE: Sit tight and be eaten..or buy mor

I certainly hope the share price goes lower so i can own more shares.  I don't care either way as far as the gold prices either.  Been in the mining field for many years and have worked in the engineering end of gold mines right to the face.  If gold goes down to even 800 dollars, that would eliminate hi-cost producers.  Most of the mines running now would shut down.  Ample enough of miners to pool from giving hi-grade operations the labour.,,and at a relative discount.  No matter, whether the gold price goes north or south these hi-grade operations, provided the permits come thru will prove to be the lowest cost producers and their product will sell.  In the better scenario, if gold price does stay above 1200 or even rise...even better yet.  RMX does have the permits.  RMX has the grade and now just needs the windup time.  If this project get the green light, this market cap doesn't come close to reflecting the valuation of this exploration company and the share price will at least triple upon potential production. 

Bullboard Posts