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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

Comment by miningmanon Jan 08, 2020 12:55pm
153 Views
Post# 30531093

RE:Hey...

RE:Hey...  Loves ,  the date you are looking for is around  Feb  15th,...  it has been announced but I forget the exact date.    Going short  or  buying puts is  likely to  be  a good strategy.  I  am  watching  FEB  puts muyself   with  the intention   to go short   around  5-10th  of the month.  No point in  paying the time premium  unneccsarily.

However  the  SP  action  of late  is  not what I would have expectred.  Despite POG  of  over $1600   overnite ,   SP   is down  today ,  as is KL and others.  Geopolitical  tensions in the middle east  are not  influencing POG  as one would  have expected.  Hard to discern a pattern here. 


But yeah  ,  I am  expecting  mill heads of  less than  8 grams    and unless a lot of  5 gram  material is processed, I have severe doubts  of  daily tonnage exceeding  3600 tpd.  {POG   in  Q4   was lower than in Q3   so financials will be disappointing.
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