Newcrest Mining Ltd NCMGF

Primary Symbol: A.NCM

Metals & Mining Gold

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.

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Newcrest Mining Ltd

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Comment by johnathamiltonon Jan 23, 2018 11:10pm

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Post# 27421376

RE:Some day soon - maybe

Based on further reading of the Strathcona report and reduced grades, the costs will likely exceed $900/oz. and the higher production levels will chew through the ore body much quicker. Even if they do hit 450,000 oz /year it will likely be at a 200-300 margin and only for half the published life. My estimate of the mine value currently sits at $0. Sorry to say for all the investors out there, but the chickens let out by the mine promoters are coming home to roost.

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