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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 Jul 08, 2016 8:58am
324 Views
Post# 25034558

RE:The word meaning "PRETIVM"

RE:The word meaning "PRETIVM"msleebc- your post reflects impatience with management. Quarermain has stated several times that he wants to pay dividends. While there are loans to pay back I would assume there sre restrictive covenants in place.
Your comment that the streaming agreement is a bad thing is interesting. You have to realize that the stream is callable and even if it is left in place it is limited to the first 7 million ounces and is not open ended.
We are close to production, are fully funded and in a rising market for the product. Ths feasibility was done at $1100 per ounce with a $CDN at US $ .92   ($1195 CDN). Our mining costs are in $CDN and our selling is now about  $1753 CDN per ounce. As long as the mining produces the gold as forecast there should be little problem in repaying the loans and calling the stream.I doubt that there is much that the company can say at this time. They have a poison pill in place to make it difficult for an unsolicited takeover to succeed and because most of the original backers are now in the money I think that a takeover is unlikely at anywhere near the current share price. 
Sit back and enjoy the ride as investors jump on board the best project that is on time and on budget.
GL and rethink your comments.
Bullboard Posts