Newcrest Mining Ltd NCMGF

Primary Symbol: A.NCM

Metals & Mining Gold

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

Newcrest Mining Ltd

Bullboard Posts

Comment by zentrarianNZon Feb 25, 2016 3:11am

214 Views

Post# 24592892

RE:Snowfield: ace in the hole

<Right now 24M low grade ozs worth under $3 /oz >

Maybe that's why they didn't "unload" it. (Besides, where are the buyers?...)

Those 24M ounces are money in the bank, potentially worth 10 to 50x that when the PoG fully recovers. Could be a long time coming, but unlike most companies, PVG already has a winning hand with VOK. They can afford to wait however long it takes.

Why throw away your "ace in the hole" if you don't need to?

Bullboard Posts

The investment impact of the U.S. 25% tariff on Canadian imports