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Mountain Province Diamonds Inc MPVDF


Primary Symbol: T.MPVD

Mountain Province Diamonds Inc. is a Canada-based diamond company. The Company’s primary asset is its 49% interest in the Gahcho Kue Mine, a Joint Venture with De Beers Canada. The Gahcho Kue Joint Venture property consists of several kimberlites that are actively being mined, developed, and explored for future development. The Company’s Kennady North Project includes approximately 113,000 hectares of claims and leases surrounding the Gahcho Kue Mine that include an indicated mineral resource for the Kelvin kimberlite and inferred mineral resources for the Faraday kimberlites. Kelvin is estimated to contain 13.62 million carats (Mct) at 8.50 million tons (Mt) at a grade of 1.60 carats/ton and a value of US$63/carat. Faraday 2 is estimated to contain 5.45Mct in 2.07Mt at a grade of 2.63 carats/ton and a value of US$140/ct. Faraday 1-3 is estimated to contain 1.90Mct to 1.87Mt at a grade of 1.04 carats/ton and a value of US$75/carat.


TSX:MPVD - Post by User

Post by MDiamonton Jun 13, 2023 2:32pm
244 Views
Post# 35494267

Even if they find gold...

Even if they find gold...Honestly, sometimes I believe that even if MPVD announces they found a couple of billion dollars in gold two inches from the surface, the stock will change by 2%.  I know companies with a fraction of MPVD fundamentals that are listed in several places, creating enough volume to keep share prices at a civilized level.  It looks like management wants, on purpose, to keep the prices down. Perhaps for the Irish to take over at a discount?  It doesn't make a lot of sense, and not dropping conspiracy theories here, but k'amon!  There is always some controversy about MPVD fundamentals, and thanks for the serious people in the forum sharing those analysis, but this company is constantly reporting earnings that are over 30% of the share price!  Some exposure to the capital market is not a bad idea.
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