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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 07, 2017 8:45pm
361 Views
Post# 25813807

RE:What I predict

RE:What I predict Interesting conclusion-but I think you are wong as the blueberries occur in the orebody-not quite at random but almost anywhere with a higher frequency in certain sections. The low grade stopes have fewer blueberries but not zero so I think that overall there is a high probability that every stope in production will have a definite chance of having some high grade. If you say raisins rather than blueberries then it will be like raisin bran with some bowlfulls having two scoops of raisins.
Low grade stopes will have a lower average grade but how many standard deviations from the mean grade will be the definition needed for grade control. Sampling will be interesting with the gold occurring as electrum in globs as opposed to being in linear veins. Predictability of grade for a milling heads up will still be a challenge as outlined by mining man-difficult  but not impossible
Bullboard Posts