Newcrest Mining Ltd NCMGF

Primary Symbol: A.NCM

Metals & Mining Gold

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.

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Newcrest Mining Ltd > Pretium is a one mine company

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Comment by Smittleon Nov 03, 2019 4:15pm

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Post# 30302733

RE:RE:Pretium is a one mine company

All indications is that gold is going up, not down. Gold is most likely to touch $1800 before it touches $1250. The shorts could be in grave danger soon.

miningman wrote: Without a doubt , if POG goes to $1600 PVG SP will soar at least temporarily. However if POG goes back to $1250, what then?? Relying on an improving comodity price has always been a mugs game when investing in mining stocks. You might as well flip a coin.

And as for the shorts loving the stock , thats simply because they believe the risk/reward is their favour. On going missed guidances originates with management and works in their favour.