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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 miningmanon Nov 27, 2013 7:50pm
290 Views
Post# 21948277

RE:Final Bulk Sample Tranche Estimate

RE:Final Bulk Sample Tranche Estimate
 Nice try , but  no, your logic here is seriously flawed. Plans that have been published clerly show that the  bulk samples were all extracted from cross cuts rather than drifts.  The veins are known to be only a few centimetres wide.,  so your estimate of 50 metres  is WAY out.  If you want to caluculate by comparing areas then yes  use the 85 x 100  comparison ,  but the other dimension is as you suggest  approx 4 metres drift height x 4 metres assumed  drift width.  So you only get  16/ 200 or 8% of your computed ounces.  As I have stated before, the Cleo will be a nice sweetner but  the attention being given to it , with associated over optimistic estimates is only going to lead to  major disappointments.
Bullboard Posts