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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 VOKBLVRon Jun 09, 2016 10:17am
295 Views
Post# 24950222

RE:RE:RE:Detour MC now 5.2 billion

RE:RE:RE:Detour MC now 5.2 billionOne has to remember that the portion of the orebody that was selected for the bulk sample was chosen to be representative of the Valley of the Kings and was selected by  the outside consultants. The high grade area that was mined happened to include the Cleo zone that was originallty annnounced as a vein structure. It turned out to be a nuggety area with limited continuity.
I believe that mining at Brucejack will be fulll of surprises. I have faith that overall the grades are there and I expect the average mined grade to exceed expectations as the top cut at 540 G/T does not take in the bonanza grades that occur throughout the orebody. Until the pre-production development work has prepared some high grade stopes for mining we will be in the dark as to what mining will actually look like.
Bullboard Posts