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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 Feb 06, 2017 6:04pm
319 Views
Post# 25807140

RE:RE:RE:RE:I'm out

RE:RE:RE:RE:I'm outWe have a difference of opinion on the stockpile. I think that the mine plan for the first three years is to produce from an area of the mine that is mapped out as high  grade. When they mine the high grade stopes they will encounter a wide range of values as per the drilling, but because the average grade of the initial mining area is above average they will encounter some exceptionally high grade material but do not know precisely where this material will occur other than the couple of nuggets that they caught in the exploration drilling. I do not think that there is anywhere near 110,000 tons of really exceptionally high grade material in the initial stockpile, but I am also sure that there is some good stuff and the more high grade that is in the stockpile-the better. If they actually mined a few bucketfulls of the 41,000 G/T material it would be a shame to see that stuff being processed when the plant is not  fully commissioned.
Bullboard Posts