Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 miningmanon Nov 22, 2013 11:24am
404 Views
Post# 21931527

RE:How much gold will the TOTAL Bulk sample contain?

RE:How much gold will the TOTAL Bulk sample contain?
  There is a strong possibility that GoldTheory's projections are on the conservative side.  PVG  has publicly announced that the higher grade material  would be processed last ,  and that fact alone supports his hypothesis.  However the other bonus consideration  which is not likely well known by non mining professionals is that  a considerable amount of free native gold ALWAYS builds up behind the ball  mill liners  and nooks and crannies  within the mill circuits.  The amount of gold thus trapped is often a function of the feed grade , ESPECIALLY the amount of free gold within the ore.
Now under normal milling processes this is just a fact of life that the mine / mil owners have to accept.....essentially  they have gold inventory that cannot be turned into cash.  In theory ,  depending on the nature of the contract between PVG and the contract mill ,  much of this gold could be recovered at the end of the mill run,  but this is really labour intensive and may not be cost effective, but what is most relevant is that all the gold that is there ,  will have been derived from the initial 3-5,000 tonnes.  No more will be accumulated once the nooks and crannies are filled.  Thus there is reason to belive that even if the remaining 2000 tonnes to be processed is EXACTLY the same grade as thge initial 8000 tonnes ,  actual recovered gold per tonne could be appreciably higher than from the initial mill feed.
Bullboard Posts