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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 Joseph_Kon Aug 10, 2017 4:39pm
143 Views
Post# 26568110

RE:D-day minus 1

RE:D-day minus 1Mostly yes, yes, yes, but you can't compare PVG to these other long term producers.  Maybe in a year or so you can start complaining if they've had a few quarters of full production and proved up the estimates, yet still trade at a substantial discount to their 'producer' peers.

Also, why are you bothering to defend it now?   Wait a day then start pumping with hard data.

DaveG99 wrote: In 2013, within months of the start of commercial production, Detour Gold, a 625K oz producer, was forced to raise $176mm in new shares and $135 million in debt. It’s share price plummeted from $20 to $4 due to capital shortfalls, share dilution and a declining gold price by December of that year.  
 
DGC grades were and are less one gram a tonne and all in sustaining costs remain above $1100/oz.
 
Although PVG is behaving like DGC since February when the final capital raise was completed, it has nothing in common – except to inspire the horrible memory and fear of those invested in – or analysts that recommended - that stock.
 
Some may look at Rubicon, another complete failure, as a comparison. But that company never did enough drilling or engage consultants to develop a fesability study, because most of the mill was already in place from a prior operator.
 
These nightmares of Canadian mining are haunting Pretium, keeping some mining analysts from covering this stock. The result has been low liquidity and a ridiculous discount compared to gold producers like ABX,GG and AEM and even DGC, four years later.
 
From PVG’s feasability study, we learn that more than half the metal is in 5% of the ore. A look at the drilling app on the website shows these areas have been intensly drilled and defined; the block sample confirmed the findings; more drilling since then has defined the mine sequence.
 
Results tomorrow may be below the mine plan, but not because of some shortfall of high-grade or capital, the factors that sunk DGC.
 
The lack of confidence we are seeing this moment is more likely shell-shocked analysts and investors, who are unable to trust themselves anymore after these two disasterous ramp-ups. Rather than risk it, they are just avoiding it, leaving algos and shortsellers to set the price.


Bullboard Posts