Newcrest have expanded the joint ventures for a reason.
They will have a good crack and spend a pile in my estimation looking for an elephant.
Newcrest to sole fund up to a JORC resource.
Anything under 1 million ounces of JORC, the projects go back to encounter 100%,
Anything over 1m oz of JORC and they have a 20% participating interest
looks like a good deal to me
Newcrest have expanded the joint ventures for a reason. They...
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