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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 Wuggyon Jan 22, 2013 1:09am
330 Views
Post# 20870140

RE: RE: RE: BTD

RE: RE: RE: BTD

VOKBLVER: "A month or so ago you had given up on PM stocks-what brought you back?"

I was being sarcastic. I'm well aware of the fundamental arguments for this sector. POG got slammed ~$30 that day, within a matter of minutes: hardly natural action. In this environment of manipulation and lack of accountability or prosecution, it's hard to be patient.

You suggest that PVG would benefit from more promotion. Maybe so. The share price alone might prevent little guys from participating. The numbers are what they are. SEA cannot compete in that regard. Just re-reading coverage from Resource World (Nov 2012 issue, p. 49):

The Valley of the Kings now extends over 800 meters in strike length and is open to the east, west and at depth. The 2012 Brucejack exploration program is nearing conclusion, and the final assays will be reported when they are received. The assays for all holes after SU-466 will be incorporated in the final 2012 mineral resource estimate for the Brucejack project expected later in Q4 2012 or Q1 2013 (Nov 23rd - Wuggy). A feasibility study for a high-grade underground mine in Brucejack's Valley of the Kings is underway and expected in the second quarter 2013.

I still have a small position in SEA (see also Resource World Jan 2013 p. 66), and they're both excellent situations, but I cannot come up with a solid case that would justify shifting away from PVG at this time. As you say, we seem to have a unique opportunity to snipe the dips as the market waits for the next news.

Rgds

Bullboard Posts