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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
Post by goindeeperon Feb 03, 2014 5:11pm
354 Views
Post# 22167444

Is Dec 2013 model too conservative?

Is Dec 2013 model too conservative?Look at Table 14.10 on page 96.  The Dec 2013 model estimate for the bulk sample is 4096 oz vs. the 5923 oz actual results (45% difference).  That may be a strategic move as it should blow away the naysayers of the model as it indicates a 45% margin of error to the upside, but in my opinion it leaves too many oz unaccounted for.  If this result is typical throughout the deposit and I am intrepreting it correctly, then the actual gold resource may be up to almost 50% higher than reported.
Bullboard Posts