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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 20, 2013 5:29pm
320 Views
Post# 22028666

RE:RE:Sulphide and a few others R wearing the tinfoil here...

RE:RE:Sulphide and a few others R wearing the tinfoil here...Agreed, rallard. For every seller there is a buyer, but the rules of game are rapidly changing because most of the buyers now are in the East. And as we all know: "He who owns the gold makes the rules."

True Believers are free to put their money into the USD, backed by blind faith. Or better yet, into Bitcoins, backed by absolutely nothing except hype. (BTW, what's going to happen to Bitcoin when a large bank or government - say, China - decides to issue an equally convertible digital currency, but backed by gold?)

As for PVG, who are you going to trust: the BS put out by Strathcona or the BS (bulk sample) put out by Pretium? The former - like the USD - is worth less than the paper it is printed on. The latter is worth it's weight in gold, all 8.7 million ounces (and counting) of it.

I was among those few PVG bulls who completely expected that the market would totally ignore the BS results after the intitial rally, and the sp would drop significantly in the short term. But if it ever re-approaches my current cost basis of $4.03, I will undoubtedly not be panicking but rather consider it a belated Xmas present and be buying more.
Bullboard Posts