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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 VOKBLVRon Jan 10, 2019 2:27pm
230 Views
Post# 29213984

A slightly different take on the 4th quarter

A slightly different take on the 4th quarterIf we go back to the beginning there has always been some heated discussion on the grade at the Valley of the Kings. There is now some proof that the original statistical model does not work for grade control without much more information (read tighter spaced drilling) when actually doing the mining. Overall there are high grade raisins that appear erratically but regularly throughout the stockwork. If one looks at the picture of the orebody there are high grade pockets outside of the planned initial miing area (in almost all directions) I always expectect erratic quarterly operations and when Ovsenek announced the grade control program I was hopeful that regular consistency would arrive. Not so. Am I prepared to throw this baby out-not yet but it does appear that the initial capital will be recovered, the stream has gone away, higher throughput will give us some resonable level of profit and the grade control system should allow better control going forward as the kinks get worked out. Modifying the mining method, if it reduces dilution-should be a plus-not a minus.
Bullboard Posts