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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 6:35pm
225 Views
Post# 21118995

RE: RE: let's see... 0.1%

RE: RE: let's see... 0.1%

I just wanted to know what you knew and why you thought you knew it, now we can talk.  You quoted Bob Q as saying that with the planned high-grade underground mining option, some ore will be taken underground from within the ultimate open pit model outllne.  Fair enough.  You also wrote that you figure the high-grade resource is about 10 million tonnes within the open pit model Bob Q referred to.

"So i deduced they had considerable high grade bonanza like tonnage in their open pit configuration. Up to 10 million tonnes by my back of the envelope and totally offthe cuff estimate."

OK, maybe the ultimate underground mine plan takes some nice, rich tonnage out of the conceptual open pit, I grant you that possibility. 

But in the near term (next several months) we are not talking about mining ALL of the underground resource blocks within the modeled open pit outline..... JUST a 10,000 tonne sample. 

let's see... 10,000 tonnes divided by 10,000,000 tonne open-pit high-grade resource, using your estimate, equals one tenth of one percent of your estimate of the high-grade tonnes are in this bulk sample.  WHAT'S YOUR objection again?     0.10%

Not Investment Advice DYODD

Bullboard Posts