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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

Post by NiN777on Feb 18, 2020 3:59pm
282 Views
Post# 30704796

Ridiculous price action

Ridiculous price actionI dont get it the canadian behemoth depositsx like Hope Bay or Valley of Kings are priced for apocalypse and not getting bought by the majors, while the Goldcorpse or Detour Dirt are. I dont get this market at all. The nature of this deposit makes it favorable to this kind of price action, it happened before! Im not a geologist but what I know is that that mine is cashflow positive, who knows how low the short will pummel what I do know is that they will need to cover and price will bounce back up.
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