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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 cigarbuttson Sep 11, 2018 9:16am
144 Views
Post# 28596202

RE:RE:From the news release

RE:RE:From the news releaseMentor2018:

"Yes but PVG clearly deceived investorswhich means gigantic class actions now."

Are you sure PVG did not make an honest mistake in the detailed report to BC government?

That could happen and nobody picked upon it.

I do think this Viceroy team is a "front"  for sophisticated hedge funds who "trade" and are/were short the stock,  possibly thru the use of derivities. That was a fairly sophisticated find/analysis  IMO in using the govt. filings to disprove grade.  Could not have been done by some amateur social worker.

It would have taken some consulting with a real mine professional to back test the grade verses govt. reports on rock volumes. 

Time to look at the 2015 and 2016 reports to the BC govt.  and see if the PVG explanation in the PR is actually proven?     I assume it is legit.
Bullboard Posts