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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 zentrarianNZon Dec 07, 2013 1:18am
315 Views
Post# 21981759

RE:RE:RE:RE:Re: drill results

RE:RE:RE:RE:Re: drill results"The Cleo vein is an interesting anomaly, but it is the possible grade of the bulk tonnage that is making me interested in this."

Agreed, paths....In fact, I'm still not sure if Cleo was a fortunate or an unfortunate accident! I suppose you'd have to say fortunate in the end, considering what it tells us may be lurking underground elsewhere on the property, but it certainly has muddied the waters turning up when it did.

From what I can tell as a layman reading your obviously well-informed posts, you are basically in agreement with Snowden's strategy and methods, are you not?

Also, when you say that Cleo is "an interesting anomaly" and there is "no confirmation that additional veins are present", are you inferring that it will likely be treated as an outlier in the revised resource estimate? (I mean outlier in the sense that there may not be enough data points elsewhere on the property to incorporate it at all with a sufficient degree of confidence.) That certainly seems to be the conclusion of a lot of educated observers, but it seems to me there must be a way to estimate the likelihood of Cleo being replicated elsewhere throughout Brucejack (and how often) based on similar historical deposits, at least within a reasonable range of probability.

Or is it Brucejack itself that is the real historical "outlier"?
Bullboard Posts