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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 MDiamonton Oct 27, 2022 3:19pm
130 Views
Post# 35054083

RE:RE:Two steps to go

RE:RE:Two steps to goWe need to put things in perspective.  12 months ago the interest rate in Canada was closed to 0.5%.  Now is close to 5%.  The debt was renegotiated from 8% to 9%, just 1% increase.  I was expecting 11% or even 12% interest rate paid to the holders.  About DD, I guess when you keep dropping $40M, $50M into a business, you deserve to make more money than everybody else.  Keeping shares of this asset without clarity on the debt restructuring was a very risky move.  The outcome was better than expected.  No we just need the market to "discover" MVPD.  
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