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Mountain Province Diamonds Inc T.MPVD

Alternate Symbol(s):  MPVDF

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

Comment by tinytoton Apr 20, 2017 11:46am
311 Views
Post# 26143310

RE:RE:All good news

RE:RE:All good newsRdg, I am on the same page as Mac on this.

I always try to temper my expectations and not get carried away by the hype, but I really do think that this is a buying opportunity.\

Here is why:

Go to page 16 here:

MPV Presentation

You need to do a little math, which Macloud posted several days ago, on April 12, and that gives you the February and March sales results. IMO they were quite promising. 

Now that info has not been released in a NR, nor will it be, according to PE. It won't be "officially" released until 1Q results are.

The best I can figure out is that Mac was the only one to figure it out, and he posted it here, but the market has ignored it. I don't know why, and maybe I am wrong, but if I ever say a blue sky indicator, page 16 is it.

Use your own judgment, but when these numbers are made official, I think the stock will go right back to at least US$5 and probably higher.

As I said, JMO, but I just followed my feelings and bought some more.
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