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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 Jan 14, 2014 1:05pm
284 Views
Post# 22089747

RE:RE:RE:RE:If anyone thinks the lawsuits will magically disappear.....

RE:RE:RE:RE:If anyone thinks the lawsuits will magically disappear.....Pokin,  you are the one missing the point.  I am a shareholder of PVG because I think the long term potential reward  exceeds the short term risk.   However   a rubber raft and the titanic have a lot in common.  They both float on water  and both can and do lead to loss of life when  overoptimsm leads to a sinking event.  Lawyers are in the legal businness solely for their financial benefit.  If clients benefit that is an incidental consequence.

The law suits will continue ,  probably for years rather than months,  untill the lawyers decide it is uneconomic to continue litigation.    If  has nothing to do with what engineers, gelogists,  accountants ,  or the general public think about the merits of the case..


I encourage you to review my previous [posts about the likely benefit from Cleo.  I think my original warnings have been vindicated by recent PVG announcements.  Unless you have been directly involved in a mining lawsuit ,  like I have , I suspect I have way more knowledge on these things than yourself.
Bullboard Posts