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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 Wuggyon Jan 25, 2018 10:33pm
158 Views
Post# 27437701

RE:RE:RE:Bought

RE:RE:RE:BoughtPlunging U.S. Dollar is symptomatic of loss of confidence in the USD-based financialized economy, totally manipulated and misreported. This points to significantly higher prices in alternatives in the near future. PVG is a producer of Au and Ag; gold and silver are money; this will have a significant effect on the economics of Brucejack going forward. Be certain that Quartermain and his team are well aware of macr -fundamentals, even if they are not addressed within corporate news releases. In my experience in the oil and gas sector, production is frequently postponed in situations where better prices can be anticipated. I would not presume to know the thoughts of Management in this case, but feel certain that any manager would prefer to save the best production for the most profitable periods. If you believe in the macro picture outlined above, then this period lies ahead. For that reason, short-term operational issues and projections can be viewed very favorably for their contextually-conservative nature, as the entire sector is about to experience considerable improvement in "blue sky." The thing that should worry long-term investors most at this juncture is a takeover during this near-term 'sweet spot.' Majors are hungry for reserves and have not exhausted all of their capital (e.g., for debt servicing). (Thinking of that, the move by Zijin to sell a block of shares RIGHT NOW seems puzzling, unless they need the cash for other reasons, because really, now would be a very opportune time to take a position pre-emptively.) $.02. Regards
Bullboard Posts