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Biggish broker likes a biggish gold

Newcrest sniffs gold at Wafi-Golpu

Newcrest Mining has made a significant gold discovery in PNG at Wafi-Golpu (pronounced woofi gol-pu) which is yet to be properly digested by the market. Currently trading at A$38.76, Newcrest is outstanding buying for client’s portfolio. Newcrest’s cash costs are well below the Gold price Source: RBS Morgans forecasts

What have they found? It is great!

The share market reacted mildly positively at the time, but seems to have forgotten the results from Newcrest’s drill hole WR 377 at Wafi-Golpu.

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