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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 zentrarianNZon Aug 07, 2017 4:55am
304 Views
Post# 26553277

RE:What was said not long ago.....

RE:What was said not long ago.....<My humble prediction: Expect a healthy re-rating as soon as all remaining doubts [about the geology] are dispelled.>

And I'll stand by that prediction.

I simply cannot believe that Bob Quartermain would build a $600M mine and mill in the Canadian wilderness just so he could harvest nuggets for his granddaughter's chocolate chip cookies. By now he must be 100% certain that this is an economically viable proposition.

Granted, there might be some remaining minor surprises and anomalies, but all of the project's projected numbers have been conservative, so if anything they are likelty to be on the upside.

This would be the biggest stuff-up since Bre-X if it wasn't a wildly profitable mine.

Bullboard Posts