NCM 0.00% $23.35 newcrest mining limited

reality check on costs

  1. 549 Posts.

    I was talking to mechanic who worked up at Lihir Island last year. Wondering why the price is so low and the mines not making money? Picture this, Lihir Island is a 2 1/4 hour flight from Port Moresby and about 3.5 hrs from Cairns on the daily plane that NCM charter from Cairns.

    Currently the aussie expats there are doing either a 9 days on, 5 days off roster or a 21 days on 14 days off roster. This means that for every expat position, there are 2 expats so that there is coverage. Can these guys and girls not be away from mommy for more than 21 days?

    What is the cost of this?

 
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