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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 pathson Feb 21, 2018 2:09am
149 Views
Post# 27592170

RE:Paths -- would appreciate your thoughts on the attached

RE:Paths -- would appreciate your thoughts on the attachedThe pdf version is dated Feb. 4, however, it is likely that it was only distributed to their paid subscribers for say a couple weeks, and so it may have only been publicly available now? I have printed it, and skimmed through it quickly so I'll make better comments, and I should be able to include some specific errors next time I post, (an hour from now?). He does not seem to have read the company documents with understanding, and he has not explained how the general comments he has discussed, actually relate to the geostatical procedures, even though these procedures were well explained in the report.

A quick look through is more than enough to see this as a very disapointing document. I am sure he has a good knowledge of exploration geology, and he has valuable work experience as a geologist. However, this is a specialized sub topic that requires taking at least one course, or doing some serious reading, and using at least one of the available software, even just to be able to tell the difference between valid criticisms and poorly explained nonsense.

The first paragraph on page 7 could only have been written by a person who does not have a workable understanding of geostatistical methods. I really do not like to criticize anybody, especially online, however, they put their names on this and sent it out into the world, so somehow I expect they will eventually have to admit and accept that it was unfortunate they did not find better advice, and check their information before going into print in the way they did here.
Bullboard Posts