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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 touaregon Mar 27, 2015 6:53am
228 Views
Post# 23567596

RE:Greenlight?

RE:Greenlight?I rarely post these days but here's my 2 cents fwiw:
There are only 2 questions that concern me:
1) Will brucejack become a mine? My answer: It's a no brainer.. of course it will. (Current news was inevitable imo).. I don't have the time or the patience to explain all the details and reasons for this conclusion and those who don't know and understand the story already should do their own dd to reach their own conclusions. perhaps I should add that I have followed this story from the IPO and was aware of Snowfield and Brucejack long before that when the property was in the hands of silver standard.
2) Will the POG resume it's secular bull over the next few years: Again 100% no brainer..again I'm not going to run through all the reasons.. blah blah.. for that either.. anyone following the gold story should be well aware of this too and if not should figure it out for themselves. Of course there are secondary questions like "when" and "how low will gold go before we see a genuine trend reversal".. well I'd be a fool to try to answer those questions and as a long term investor the "if" is the main question. My best guess is it's coming sooner rather than later and the second half of this year could well be very good for the very best gold stocks like Pretium. My strategy is very cautious accumulation on red days like we have seen recently.
Best of luck!
Bullboard Posts