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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 zentrarianNZon Oct 25, 2015 4:29pm
232 Views
Post# 24225210

There is no such thing as "extra" cash

There is no such thing as "extra" cash
VOK already has an 18 year mine life, so they don't realy need any more gold to keep the (planned) mill running at least through the 2020s. There might well be another VOK or two lurking out there somewhere. But if they want to burn up any more cash drilling holes, IMO it should be to expand the current resource at depth and (very close-by) along strike, not go wandering out in the boonies of the land package.

Leave that alone at least until the company is cashflow positive, because they will need every dollar they can cobble together for moving into production in 2017.  And if people think expanding the I&I resource is somehow going to goose the share price, forgeddaboudit. PVG is (arguably) still seriously underpriced just on VOK alone, never mind getting virtually ZERO for Snowfield or for any of these newly-discovered prospects. 

All just my layman's opinion, of course, and they're going to do whatever they see fit with the money. Miners seem to need to keep exploring, like a shark (supposedly) needs to keep moving forward or it dies.
Bullboard Posts