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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 Power33on Oct 27, 2022 6:01pm
252 Views
Post# 35054519

Unbelievable

Unbelievable Bonds extended for 3 years, no equity dilution, best sales quarter ever, production strongly improving, 60m usd to be paid off bonds by mid December per press release earlier, significant kimberlite found in Gahcho Kue this year, Kennedy 100pc  owned and the 21m carats already proved there must be now worth 2.5bn usd today. The current values are 2018 prices and prices today are much higher. I see debt fully paid off in 2 years If production gets back to 6.6m carats a year. The usd to cad is at 1.36 , from 1.20 a year ago. This is very favourable to the company as costs are in Canadian dollars and revenue in usd. Mpvd have only sold less than 2m carats in first nine months for 225m usd. If 2022 did not have production issues , they would have sold approx 3.3m carats this year, namely 1.3m carats in last quarter. I still hope for 800k carats again in last quarter, reading press release that production has recovered strongly recently. I can only assume record quarterly profits in q3 given the sales record for the quarter. I now see ebitda over 200m cad for year. I think there is easily another 30 years in diamonds in Kennady and Gahcho Kue if you carefully analyse the exciting exploration updates. I think mpvd will be debt free in 2 years and be paying 1 cad a year dividend thereafter to shareholders. If I estimate year end working capital and substitute market value for the diamonds held at cost in stock at year end , I wonder how much the real net debt maybe at the end of the year. I estimate around 50m cad . These shares should be at least 3cad today if some smart investors did a deep dive on this company. I have never seen a bigger bargain in my life. Today was the day that things turned permanently better for the shareholders. 
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