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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 MDiamonton Oct 27, 2022 2:43pm
215 Views
Post# 35053947

Two steps to go

Two steps to goIn my humble oppinion, there are still two steps missing for MPVD to create a sustainable trend crossing $1/share, potentially $2/share next year:  
1- Solid results for Q3
2- The new debt structure reflected in the financial statements. 

A lot of retail investors just take a quick look on small caps like MPVD. They don't go deep to check PRs.  That massive debt will keep haunting this asset for a little longer, just because it is in the books.  After that, the incredible low valuation may create the trend we are all waiting for.  


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