Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Power33on May 10, 2023 3:39am
288 Views
Post# 35440027

RE:Paid off another 12 million in debt in April

RE:Paid off another 12 million in debt in April Mpvd made RECORD 67m cad ebitda in q1.  It also had earnings per share of 13c also for q1. Net debt was only 131m cad when you adjusted total debt by positive working capital of 160m cad on 31 March.Normally companies are valued at between 6 times ANNUAL ebitda and 10 to 12 times ANNUAL earnings per share. Mpvd is valued at 1.45 times  q1 ebitda??? It is clear from release the life of mine will extend well beyond 2030. How many carats are in the Hearne extension? It could be anything reading the press release. The value of the faradays and Kennady deposits must by well north of 3bn euros at 2023 valuation of the carats. This is owned 100pc by mountain diamonds. I think a very strong arguenent  could be made for De Beers to pay mpvd 500m usd to be able to jointly develop the Kennady lands, and this money could come as soon as next year . I have always said mpvd should be worth 4cad. A strong case could be made for 7 cad after these STUNNING results.
<< Previous
Bullboard Posts
Next >>