RE: Hole 67 - No. 13 in the world17 Nov 2018 09:17
Good stuff Schlem:
Sandeep Biswas, Newcrest Mining Limited - MD, CEO & Executive Director [48]
'So the principal thing about that, Michael, is to have whatever exposure that we think is deemed to Tier 1 orebody. These things are as RARE AS HEN's TEETH, as you know. So obviously, if we can have 100% or we have control that's the preferred position, but there are certain ore bodies out there we're taking a minority interest, which may or may not grow over time. It serves a long-term interest of the shareholders, mainly because of the quality of the deposit, the exploration potential and the long life of the asset and many things change over time. But you're better off being in than out in something that's so rare.'