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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 goindeeperon Oct 25, 2013 5:08pm
299 Views
Post# 21850423

RE:RE:RE:Asking PVG to disclose

RE:RE:RE:Asking PVG to disclose
By my interpretation, the only reason that Strathcona disputes the 43-101 is BECAUSE OF the disagreement over the assay sampling method.  They may think the model is flawed in its interpretation of the amount of gold, but only because their sampling method said so.  After all, if Strathcona had found better evidence that their was no gold resource, they would have presented it by now, if only to cover their own ass.  Of course, if I have missed something, please let me know so I can adjust my thinking.

I am not familiar with the regulatory halt requirements, but if they did decide to halt over this technical disagreement, they would have to stay halted until the dispute over sampling method is resolved.  This could take months because the only way to resolve it is to do what PVG is doing, getting the results from the bulk sample and seeing whose method is more accurate.   I do not think they are prepared to do that as that would likely be more detrimental to the company and its shareholders.

Ultimately, this is one of the risks involved in investing in juniors and dealing in the market in general.  In this case, I think the risk presented me with a great buying opportunity.  Hope I am right.
Bullboard Posts