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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 stopedouton Aug 07, 2018 10:25am
257 Views
Post# 28420761

q2

q2I will take a stab at q2 with a basic 'back of the napkin' estimate.
We know that production was 111,340 oz from 236,990 tonnes. So 35,651 oz more than q1 but 24,453 tonnes less mined.
Q1 cash flow after tax and interest was US$10.9 million.
Add 35,651 oz x US$1250 = US$44.5 million
Q2 cash flow = US$55 million = US$1.22/sh annualized.
Assume higher costs due to grade control progam which started in early Feb are a wash against the lower costs from less tonnes mined.
Combine the strong cash flow with some promotion from Joe on the Friday conference call and I think you get a pop in the stock. I am long Aug US$7 and $8 calls.
I am not long the stock because long-term I am bearish, believing that they are high grading the deposit with the grade control program.
Bullboard Posts