NCM 0.00% $23.35 newcrest mining limited

is lihir island an earthquake risk

  1. 744 Posts.
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    Please don't shoot the messenger here - I'm long gold and
    gold stocks up my Ying-Yang at the moment, but I was
    pondering why NCM was copping such a bashing...

    Could it be that punters consider that Lihir Island is too
    close to the shaky ring of fire?

    Whilst I was considering this, I went to www.ga.gov.au to
    check on the latest earthquake action in Japan, and I
    noticed that the most recent earthquake (at time of writing)
    was a 6.5 magnitude shake near Vanuatu...

    Check the attached map, and consider where the Pacific Plate
    lies... perhaps Lihir is too close for comfort? Regardless,
    perhaps it is a risk that should be mitigated whilst
    Mother Earth is so blatantly angry...

    Obviously I wish no harm to any PNG islanders, any NCM
    staff, or anyone at all... but I worry about NCM investors
    who are perhaps unaware of the possible Lihir risk...

    Disclosure - Although I'm relatively happy to accept the
    risk, I have moved to mitigate it via options.

    Further Disclosure - I was never a fan of the purchase of
    Lihir by NCM.

    scroll picture to the right to see the map...

 
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