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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: aknahow who wrote (27470)	1/24/2004 10:18:23 PM
From: bmccra	Read Replies (1) \| Respond to of 39344

So any guesses on who NEM might be looking at? I'll guess Newcrest. That's who I would take out if I was in their position. Or maybe buy Rio Tinto's share of Grasberg? I have heard that Rio Tinto wouldn't mind parting with their gold assets, and having a taste of Grasberg would be a nice bookend to Yanacocha for Newmont - and Newmont is obviously comfortable with Indonesia as it is one of their core areas of interest. I can't understand why Goldcorp has failed to use their stock as currency to complete a deal to diversify projects instead of relying on one mine (albeit a very nice mine). Could have delivered their bullion hoard into any hedges that the target company may have carried. I have thought previously that Goldcorp would have done well to take Newcrest since Australia in one area Goldcorp says they would look for deals, but apparently not. But my guess is that Newmont would like Newcrest. Help to consolidate ownership at Boddington (Newmont 44.44 percent stake, AngloGold 33.33 percent and Newcrest 22.22 percent), and add long life projects like Telfer (100% Newcrest owned, 17.4m oz reserves, 27m resource, 23 yr life, 800k/a, open pit). b