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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

Post by tinytoton Aug 04, 2018 11:36am
142 Views
Post# 28414674

Answer me this, Please

Answer me this, PleaseHow is DD going to get a return on all the $$$ he has invested in MPVD?

My answer, and I may be wrong, is that the first thing he has to do is generate dividends, for I see no reason for anyone to buy this company if it does not produce a dividend.

IMO this is not a growth stock. Do you consider it a growth stock? 

It is not an exploration stock, its seven employees have no great exploration experience, nor should anyone expect them to. Way back when, Paul Schatzko got lucky and hit the 5034, basically that was the beginning of the end of the exploration story.

We are now a caretaker company. Our goal is to generate income/dividends.

I really don't think that DD can change that.

In other words, why would anyone drive the share price up, or buy this company, for any other reason than dividends? 

My point is, like it or not, we and DD are all on the same side. So I think that DD wants dividends as bad as we do. I don't see how else he can get his money back. 

Unless he can sell us to DeBs for ~$10 a share.

Put yourself in DD's shoes and tell us how else he will get his money back.

I'm wide open to correction and/or new/different ideas.
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