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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 Jan 31, 2016 4:43pm
150 Views
Post# 24510628

RE:RE:RE:RE:RE:due diligence

RE:RE:RE:RE:RE:due diligenceThe stock price is not the company, idiot. Some things are out of the company's control. (And your's as well, if you were realistic about the complete non-effects of your incessant bashing.)

Besides, they already "showed (you) the money". They've raised $600 million under very challenging circumstances, in recognition of the immense value of VOK and the years of hard work management has put into advancing the project.

They're still on track to start pouring gold in late 2017, and if they miss the target by a year or two, so what?...The gold isn't evaporating (like some people's confidence seems to be) and the longer it takes to build out the mine, the better positioned the company will be in to profit from it.  

Meanwhile shareholders should be happy the company is still on sale. (I bought most of my holding after theFarq-up, because I knew the impact would be temporary - and my only regret is I can't buy a lot more now while it's still so undervalued, relative to 99% of what's on offer in the market.)

Do you know anything at all about how hard it is to find, finance, and develop a gold mine?...Talk about cotton candy in the drill core. It's more like between your ears.

I don't usually respond to bashers who offer absolutely nothing to justify their worthless opinions. But if this is the best they can do to criticize PVG, I'm not too worried about having a sizable chunk of my retirement money invested in it.

z.
Bullboard Posts