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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 Power33on Aug 11, 2023 2:57am
249 Views
Post# 35583242

H1 results

H1 results Spectacular results. Balance sheet looks really strong . Fantastic sales in H1 despite low number of carats sold. Exploration and life of mine extension appears really exciting. 18m usd of debt paid off despite 70m cad tied up in capitalised stripping costs and increase of money tied up in working capital. Ebitda in H1 is the current market value of mpvd?? How much debt can be paid down in H2, whereby costs are much lower and much more carats are expected to be mined and sold. Mpvd should be 3cad today. Congratulations to management on an excellent set of financial results. 
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