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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 zentrarianNZon Oct 17, 2013 4:47am
337 Views
Post# 21822561

RE:Bulk Sample

RE:Bulk Samplehazzard...I agree that an ideal outcome might have been for both paths to be pursued and all the results to be reported simultaneously, since that would give the most information from which to make a reasonable judgement on the resource. (Or failing that, to suggest that neither method was sufficient and an alternative method needed to be employed.) Regardless, it would appear that utilizing both methods was not an option.

Where I disagree is in the opinion that management has not handled the situation as well as could be expected. Correct me if I'm wrong, but my understanding is that Strathcona voluntarily resigned from the contract over its dispute with Snowden, not over any disagreement with Pretium, which has to maintain a neutral stance with regard to testing procedure. Any "doubt" that has been created in the mind of skittish daytraders is IMO not the fault of management, nor should it be their primary concern, since all this brouhaha will likely blow over when the final results are announced, if not long before.

The bottom line for me is that unless Cleo is an extremely fortunate (or unfortunate?) accident, the resulting disagreement about how wildly the results could be skewed either way is just further proof that the VoK is almost certainly loaded with high grade gold, much of which we now know is accessible at relatively low cost. This prolonged uncertainty in how best to measure it could even be viewed as a positive, if it discourages a takeover bid and allows Pretium more time to pursue self-financing to develop the property on its own.
Bullboard Posts