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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 Feb 04, 2016 2:02am
201 Views
Post# 24522946

RE:RE:RE:RE:Exploration Insights

RE:RE:RE:RE:Exploration InsightsMy guess is that Cook just made a well-educated guess as to the nature of the deposit based on what was known at the time, and finds no compelling reason to reassess his opinion now. Because reasonable doubt will remain in the minds of some geologists and investors until the mine is well into production, it may be he just finds it premature to admit he was wrong, and has simply moved on to other opportunities. (Or maybe a fairer way to put it would be: Right conclusion, wrong methodology.) 

It's possible he was also (justifiably) irked by the way the whole Farq-up fiasco was handled, and doesn't want to revisit the controversy if PVG is off his radar now. 

In any case, I don't realy care what he thinks at this point if he can't offer anything new one way or the other to the investment thesis. A lot of other geologists and institutional investors didn't share his reservations, at least not after the bulk sample analysis. Enough to satisfy me anyway.

Bullboard Posts