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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
Post by bepracticalon Oct 30, 2013 1:27pm
285 Views
Post# 21862388

NM article

NM article
What caught my eye was that Bob Q.referred to Snowden as a world class resource estimator whereas Strathcona do not do resource calculations. In addition, he mentioned that Strathcona is more focused on mining.
The original plan was to use the bulk sample processing as the final validation. Strathcona came into the picture and preferred mini-sampling versus bulk sampling and the picture became very cloudy as the two QC's were off on different tangents. The Strathcona pick is still a mystery to me' and now the Company faces a long hard slog to change the current market sentiment and restore confidence in the project. A positive validation of the bulk sample area versus the Nov./12 resource calculation for the same area would be a good start.
Bullboard Posts