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.

ASX:NCM - Post by User

Newcrest Mining Ltd > Cormark: PVG est. Earnings next year = $ 1.35 per share !

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Comment by Smittleon Nov 20, 2019 12:58pm

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Post# 30374479

RE:RE:Cormark: PVG est. Earnings next year = $ 1.35 per share !

Lots of buyers today. Watch and learn!

miningman wrote: I cannot for the life of me understand how these clowns can continue to publish values that are so far removed from reality. AS per the source here , PVG is now at a P/E of over 100:1!!

I fully understand that for many people the P/E ratio is not regarded as a usefull mettric when evaluating gold miners , but come on peeople,, PVV would have to improve its economics by 400% to come close to KL ,or ABX . Why would you invest in PVG today with all the headwinds it is facing?? Grade problems , tonnage problems, reserve wrttedowns, large debt, ???

If you think POG or Cleo type grades are going to provide a windfall , go ahead and risk your cash. PVG has been trading at a P/E of over 70:1 for some time which to me is another reason why the shorters are doing well here.