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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 RicherNowon Mar 12, 2013 2:02pm
229 Views
Post# 21117411

I consider this...

I consider this...

IMHO Brucejack/VOK needs to fly on the merits of this bulk sample,  it is what it is, representative, that is the purpose of the bulk sample.  The worst thing that PVG could do IMO would be to intentionally high-grade the 10,000 tonne bulk sample.  LISTEN at this stage of the game the deposit has to fly on its own merits from a representative area of the deposit.  Having a realistic bulk sample is the only way that outsiders will read the FS and judge it to be truly BANKABLE.

From the presentation, I look at the parallel drifts that cut the color block model at the end of the access ramp, here is what i see from this conceptual bulk sample model in the PVG presentation.

1. all of the sample illustrated will be extracted from the mineralized corridor, on the  mineralized wing of the syncline, a great place to sample based on geology IMO.

2. I assume that underground drilling will occur once the VOK is reached and the actual sample location finalized with that data.

3. Up until now the rock has just been probed and sampled with "needle" sized drill-holes... maybe less than 1/100 of one percent in volume when compared to the bulk sample...  in these needle-sized drill-holes the ultra bonanza grades show up, again and again... IMO raising my confidence level in their widely distributed existence.

I THINK the resource block model is based on drilling at 25-50 meter spacing.  IMO it is reasonable to bet that in the rock in-between the 25-50 meter spaced drill-holes tiny pierce points may very well contain an ultra bonanza grade ore shoot. ...

It looks to me like the drilling by PVG has shown that the ultra bonanza grade ore-shoots are distributed throughout the deposit.  IMO this leaves a substantial chance that in the mass of the greater +99.99% of the bulk sample will include and cut a shoot of ultra bonanza grade.  Then again it may not, what is important is that the sample be viewed as REPRESENTATIVE and BANKABLE with a high confidence level.

The silver recoveries are extremely good IMO and do you know how cheap it is to process ground gold ore across a gravity table?  The separation energy come from gravity, which was pretty cheap energy the last time I checked.

Not Investment Advice DYODD

 

Bullboard Posts