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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 Jan 23, 2019 4:34pm
155 Views
Post# 29272688

RE:RE:RE:RE:RE:RE:Let's Play....

RE:RE:RE:RE:RE:RE:Let's Play....  Where is the problem?????  The problem is extremely well documented in the RBC report   posted by  Oilwatcher.  But as a summary ,  historical low grade,   upcoming reserve restatement ,  possible mill heads going forward  below 10 gram, potential inability to  pay out the loan within  4 years, time and CAPEX  required to get to  3800tpd.   The list goes on and on

But dont believe me,  Ask yourselfvwhen was the  last time you read such a bearish  report from a major bank ???  I think its  fair to assume that PVG  does not have a banking relationship with RBC........... this report is as close to a SELL  recommendation as you can get ,  without actually using that word.
Bullboard Posts