NCM 0.00% $23.35 newcrest mining limited

newcrest cadia hill running out of gold

  1. 3,394 Posts.
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    If Newcrest was to eye out anything as a takeover target inside Australia. My best bet would be RRL. But competing Newmont has a 18% stake, that could prove an obstacle.

    Given that Cadia Hill is running out of gold and production goes up to 2013. If Newcrest was to pursue a NSW strategy to mobilise existing expertise easily, I think that the McPhillamys project would be best fit for Newcrest, given previous articles suggesting that Newmont has a received informal interest in its 51% stake in McPhillamys.

    Food for thought.
 
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