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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 miningmanon Sep 30, 2018 4:32pm
137 Views
Post# 28717991

RE:RE:More mining considerations

RE:RE:More mining considerationsVokblvr,  I posted  my recent comments in an attempt to engage Paths and yourself and anyone else who might be able to suggest alternative interpretations rather than straight character assissination.   I have a number of additional observations to make  regarding  grade predictions ,   costs per tonne and by impilication AISC,  as well as  likely revisions to the ore reserves (   due in January)  but I think I will wait another 10 days for initial Q3  results ito provide more  firm data.

Suffice to say ,  at this stage I dont like the way things seem to be trending.  I have already suggested that Q3   grade  will be  around  11-12 grams  .  What will be REALLY interesting is to see at what the supply of 14.5  gram deteriorated thru  the three months.

Buyout of the streaming deal is a major  plus ,  altho I am not sure where all the cash wil come from The 3700  tpd now seems very   unlikely before  mid 2019.   Even Q4  2018  now seems at risk financially unless the  revised permit is obtained ,  by  say   mid November.

I not  going to go down the road of some posters here with blatant criticicsms of Joe O  but I am starting to detect to  some   "selective dissemination"  of   significant   negative trends   and /or some fancy financial engineering  in reported  costs.    Further   elaboration / details to follow.
Bullboard Posts