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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
Post by Wuggyon Aug 22, 2017 6:15pm
285 Views
Post# 26609899

Just Ruminating

Just RuminatingHey All, It seems to me that PVG is rather dramatically de-risking this year, particularly after this quarter, so with 20-odd year mine life and all the positive fundamentals that we're told are important to fund managers, this should be an important company for resource-based mutual funds, more so at this point than previously. And yet, I met with a FA and looked at several funds with holdings in this sector and saw no reference to PVG. Is it possible that they don't know about it? The company has gotten several good write-ups recently in magazines like Resource World, and one assumes that the big institutions have their internal research reports and databases for tracking all the public listings, so where's the beef? I'm just puzzled by the comparative weakness in this particular play on my stocklist. For that matter, where is recognition by the local press and the Government of British Columbia? This is a pretty big deal for the regional economy. I guess everyone is more interested in the eclipse and the next season of Game of Thrones. I'm also a bit worried, as I have seen good Canadian situations get shorted prior to takeovers.
Bullboard Posts