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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 sailor8on Sep 13, 2021 10:58am
199 Views
Post# 33848355

The golden North Block, outside our known Resource shell !

The golden North Block, outside our known Resource shell !Just some figures from todays press release. You may add the figures from the first press release about drill results in the North Block. I equalized them to a longer distance, to better compare them with "normal" (not ultra high grade) drill results of other miners.

93.4 gr/t over 34.5 m ( equal to 9.34 gr over 345 m !)
133.7 gr/t over 6 meter (equal to 13.7 gr over 60 m !)
676.8 gr/t over 7 meter (equal to 67.8 gr over 70 m  or 6.768 gr over 700 m !)
3,040 gr/t over 1 meter (equal to 30.4 gr over 100 m !)
493.2 gr/t over 15 meter (equal to 49,32 gr over 150 m or 4.932 gr over 1500 m !)

Big silver numbers not included! Agree, figures which the whales in the mining industry can not ignore.

Nice day for the longs. Happy to have bought on Friday close. Thanks dear shorters.

The North Block is outside our known "Resource shell" thus completely unexpected and un- anticipated by the market and analysts. This block has roughly the same volume size as our existing Brucejack mine.

I see a double of PVG "Life of mine" here, thus a double of shareholders total return. 

And this is only the North Block. Exploratioins drifts / tunnels to other expansion targets are on the way, right now.

Nosy to follow todays presentation. Poor shorters!

Link for registration to the presentation:
https://www.pretivm.com/investors/events-and-webcasts/default.aspx
 
Click there on "View Webcast", register (done in seconds) and enjoy.

Time: 11:10 AM Mountain time. Count down watch says at time of this posting it starts in about 2 hours. Not so much time left for the shorties to cover at least some of their borrowed shares...

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