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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 8:36pm
205 Views
Post# 21948392

RE:RE:RE:Final Bulk Sample Tranche Estimate

RE:RE:RE:Final Bulk Sample Tranche Estimate
All I can say is I sincerely hope  your interpretation and optism is proved to be wrong ,  because if you are right, Farquason is vindicated  and his concerns are proved valid.   You have to rememvber the prime purpose of the  BS is to confirm the accuracy of the geological model and the ore reserves derived from the model.   If the remaining 1800 contains only  4 metres x 4 metres x a few cm of high grade Cleo,  then any competant ore reserve geologist can  correctly claim  that  the BS was not excessively "contaminated"  by Cleo.

Another way to analyse all this is that the  with assumed drift dimensions of 4 metres x 4 metres,  and an assumed in situ ore Specific Gravity of 2.5,  requires exactly 250 metres of drifting to produce 10000 tonnes.    If you are right that the BS contains  50 metres of Cleo ,  then the BS  does absolutely nothing to confirm the ore reserves,  and would likely have to be repeated in order to satify the bankers who might finance future activities.

Be carefull what you wish for ,  major  ounces from the BS,  if proved to be external to known reserves,  will cause WAY more problems than the extra revenue is worth
Bullboard Posts