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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 creaturecomphorton Nov 16, 2012 10:40am
187 Views
Post# 20609511

RE: RE: RE: RE: RE: RE: RE: a Fund/ Wall Street Sy

RE: RE: RE: RE: RE: RE: RE: a Fund/ Wall Street Sy

I agree with that strategy and acquired a number of producers or near producers lately.  PVG is the only one that has done well.  Most are down, some significantly.  Like I say, I have an account just for that kind of company.  It is 100% invested.  I have another account just for early stage juniors.  When I opened the accounts the early stage junior account had about 60% as much cash as the account for producers and near producers.  Today the early stage junior account is worth twice as much as the producer account.  And I hold a couple of positions that could have a significant pop in the next 2 months.  I've read the same thing you have about putting money into lower risk and undervalued producers at this time.  I have, but I continue to do better with the early stage juniors.

 

Best of luck with your investments.

Bullboard Posts