Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 pathson Feb 16, 2018 10:15pm
210 Views
Post# 27576464

Comparing gold shares (was gold space)

Comparing gold shares (was gold space)I see it differently. If a person wants to compare different companies, that implies studying all of them with care and attention, at least some calculations that can be compared across all, making a spreadsheet, etc. All the while using one's critical thinking, and being careful about what is seen as important and what is not so much. We rarely have time to do that, and it leaves people making comparisons which could have been more accurate. However, investors are putting their own money at risk, serious effort should be made first to get it right. Also not to get caught in all the traps along the way, and so leading to the need for having rules, sticking to them, etc.

I don't know a lot about NGD, but any train wreck in the markets should be very interesting to investors. With a larger producer like KL, essentially has most information well disclosed, available to analysts, these are closer to being at fair market value, and sometimes yield a market sector type of investment result.

Let's confirm the three ounces/ton, less than a minute on the web shows me averages like 17.9 grams, etc, individual samples up to 60, but none mentioned at 90, although there probably were some. The important information to remember should have been the average grade and width, and the cost implications of the narrow width areas. Also both KL mines use cemented rock fill, most people say ok, so what. This is only used in deep mines where very high stress buildups are occurring and the fill needs to be very stiff, to becomes a structural support. Does the company tell people the cost of this, if not one could infer it from their statements, however, it being labour and equipment intensive, it must be costly. Are there other implications due to mining at these depths, beyond the cost effects? KL will greatly benefit from their planned 240M shaft, but how long will investors have to wait to see it having effects on the revenues. I have no doubt that KL will do well, but is it the best path through these markets to follow. (I have always been captivated by how to choose one path among several.) 

Sorry to make you the "poster man/woman" in my attempt at a teachable moment here, but you asked for feedback. There is so much to consider here, it cannot be done in sentences, only in a spreadsheet.

A "show me" situation implies waiting until everyone else has had the information prepared and delivered to their inbox, with no investor having even tried to get ahead of the crowd. Whatever happened to a "need to study" situation where a person collects up the materials, gets away from the internet, to spend time alone with the information, and to do some figuring on their own, detached from outside influence at least for a while.
Bullboard Posts