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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 askmetooon Apr 05, 2013 3:12pm
345 Views
Post# 21217611

RE: Is this the first shoe to drop?

RE: Is this the first shoe to drop?

MrC, thanks for sharing this with us. I wonder what will happen to the Gold ETFs when their investors come to  look for the gold. I'm just wondering if they will get to see the real gold or if they will have to accept paper too. The German Bank officials, who came to take a look at their gold, which is reportedly held in New York City Vaults for safe-keeping, couldn't see their gold either when they wanted to look at it. I just hope for the sake of ETF investors that ounces in the vault are as safe as ounces in the ground.

Bullboard Posts