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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 LovesAUon Jan 29, 2018 11:45am
234 Views
Post# 27454724

Thank you Paths

Thank you Paths Drill, drill, drill. 

I grew up next to the Berkeley Pit. Mining ops were both underground but mostly in the pit back then. My college summers were spent drilling and coring in uranium mines- and then working in oil fields of Wyoming on seismograph rigs. Every once in awhile, the geologist would emerge- to look at a core sample- in nice, clean clothes- making twice what we did.

My love of mining from Butte to Deadwood/Lead to the Yukon has a lot to do with my Irish roots. 

As much as I love mining I have a huge distrust for people selling pie in the sky mining shares. This has been my 40 year experience. Not only do they tend to inflate and exaggerate to attract investors- so many things can go wrong and often do. As I look back- I could have and probably should have shorted every miner I have owned including Kinross and Tahoe. Platinum Group was a disaster.

So that is my truth. It is what it is- I am still looking for an investment that is stable- and does what they say they will do. I did quite a lot of dd with PVG- stopping short of visiting the site. I have solid friends in the mining biz who assured me that PVG and VOK had what they said they had. Strathcona they said- was just disgruntled bcuz the formation did not suit their testing models.

And so we shall wait and see.  
Bullboard Posts