Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Smittleon Feb 18, 2020 3:38pm
68 Views
Post# 30704670

RE:RE:RE:RE:RE:RE:PATHS...............

RE:RE:RE:RE:RE:RE:PATHS...............I hope you don't catch the skepticalvirus either.  As far as I know there is no vaccine for this virus yet.

paths wrote: I hope I didn't catch the skepticalvirus. It's not so much that others got to me, although they were actually connecting some dots this time. One concern I have is the geostat. consultant I.J. has got it wrong, by estimating too high, three times in a row. At first I saw it as acceptable enough to stay workable, but this time it's into the range where it gets difficult to rationalize, so it's more diffi. Also the company seems to be another source of some doubt rather than helping. It leaves a feeling of being adrift in a rudderless boat, seems I'm not alone in arriving at this about now. 

However, one can remember that more than a few companies have been giving very disapponting guidance for the year ahead, and then they beat guidance in each of the next four quarters. Makes it essentially obvious that guidance was intentionally set far too low, which could be somewhat applicable here since the company needs to reverse the trend of missing guidance. Except here, a statement was included that going beyond 2020 was not thought to be better "Based on preliminary data available to date, foreseeable average annual gold production while mining in Brucejack’s Valley of the Kings is currently expected to be in a range comparable with the gold production guidance range for 2020."


<< Previous
Bullboard Posts
Next >>