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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 bot_feederon Apr 24, 2013 12:03pm
148 Views
Post# 21295117

RE: RE: Whatever.

RE: RE: Whatever.

There's really not any disagreement here.  It appears they made a sensible move.

 

I appreciate your observations on the political situation.  Other than volatility of precious metals prices, political risk is the one other risk that concerns me for someone with a deposit in BC.  I agree, royalties are inevitable anywhere you want to mine in the world.  On the plus side, a large high grade deposit should have the potential to be profitable even after royalties.  And BC faces the reality that they only stand to get royalties if they permit the mine.

Bullboard Posts