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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 Dec 13, 2013 10:53pm
409 Views
Post# 22005632

RE:RE:A little bit more reality

RE:RE:A little bit more realityWell to be honest I had completely forgotten about my 4700/7000 estimate and I wont take that much credit for it , since I could just as easily forecast that the price of gold will be somewhere between $1000 and $3000 on xmas day. Of course compared to some of the 10/12/15/30,0000 ounce estimates, perhaps my projections aren't that bad at all. I agree 100% that one of Strathconas major issues was having ANY Cleo in the bulk sample. If their mandate was to confirm the validity of the geological model , they would have been seriously delinquent not to object. I can accept your statement that PVG never claimed to have Cleo within the bulksample. However, it was from examination of one of the xcut plans that were published by PVG that gave me the definite impression that there was indeed some of Cleo in the BS. Exactly how much was impossible to ascertain. For a mining professional like myself , I need a lot of plans and sections to make reasonable projections of what will be derived from any area of a mine. The claim that there is 1000 tonnes of Cleo already in bags makes me suspicious as well. I'm not saying they don't have 1000 tonnes of highly mineralized rock ready to ship . but what percentage is Cleo and what percentage is global ore is uknown. Once again if I had to guess, Id say 20%Cleo and 80% Cleo, which as per my previous arithmetic might provide 1080 ounces.
Bullboard Posts