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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 Nov 22, 2013 1:46pm
289 Views
Post# 21932477

RE:How much gold could there be in the last 2000 tons?

RE:How much gold could there be in the last 2000 tons?I find a conservative approach helps me sleep better.  Therefore, absolute down side is 0 (zero) oz in the last 2000 tons.  This still indicates a 5% increase to the modelled ounces and possibly the resource estimate.  So even at this worst case scenario, PVG is a huge buy.

Reasonable guess is the same background ounces as the first 2000 tons because we don`t know for sure that they didn`t change up the order of processing.  That adds another 281 oz.  However, I doubt they changed the order, because they don`t want to bring out such a disappointing number at year end and cause the share price to drop.  Although, if they do, I will load up.

Likely they have left a portion of the Cleopatra vein to be milled last, so that they can present huge numbers and blow Strathcona`s claims out of the water.  This is the most strategic method of releasing the news and bringing the shareholder value back.

I agree with Goldtheory `So the 2nd and 3rd 2000t samples contained 3719Oz (in 4000t) or nearly 1Oz/t.  The last 2000t should be highest grade of all and will intersect the cleo vein.  So we should expect at least 1Oz/t for the last 2000t or 2000Oz more.  So the total bulk sample should have in excess of 6000Oz, a 50% increase over the 4000Oz estimate.

Bullboard Posts