LucaraLucara made a profit of 1m cad in q1 and had 43m cad turnover in the first quarter. They are having problems with cost and time overrun problems in their underground extension. They will probably have debt of over 150m cad by the time the underground is open, if not a lot more debt. Lucara is valued at 230m cad today. Mpvd had 28m cad profit in q1 and had sales of 95m usd. It will probably be debt free by the time Lucara will have 150m cad in debt for their underground extension. Mpvd will probably do 50pc more sales this year than Lucara. Mpvd have prospects of a huge payday from de beers. Simply question. Why is Lucara valued at 230m cad today and mpvd at 100m cad. I just use this as an example of how undervalued mpvd is today.