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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 Power33on Aug 11, 2023 4:10am
173 Views
Post# 35583253

RE:RE:H1 results

RE:RE:H1 results Diamond boy, one thing for certain is that you are not a chartered account. What is the net working capital at end of H1? It is 150m cad positive. Do mpvd bring in supplies for year in H1, which from a cash flow perspective is draining. Did mpvd pay off 60m usd off debt in q4 last year? Yes. Has there been some big kimberlite funds this year? Yes. Is production expected to be at least 30 pc higher in H2 rather than H1. Answer is yes. Did the company have net earnings in H1 equivalent to 50pc of current market value. Yes, ridiculously is the answer. Has the threat of bankruptcy disappeared with the 3 and 5 year extension of the bonds . Yes is the answer. Does it appear de beers will buy into Kennady assets to extend the life of mine plan. Yes is the obvious answer from the press release and exploration updates. Is the usd to cad exchange rate favourable for mpvd. A big fat yes here also, as the cad is so weak against the usd , because as you know costs are in Canadian dollars and revenue is in Usd. Would mpvd have paid another 55m usd off the bonds in H1 if they did not need any capitalised waste stripping ,44m cad, or tying up money in supplies and inventory, 30m usd. The answer is an ever bigger fat yes. Ask your broker to review these results and he would think you need medical help if you are thinking insolvency is on the way.
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