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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 12:28pm
167 Views
Post# 35584067

RE:Stock price doesn’t lie

RE:Stock price doesn’t lie I think warren buffett is on record for saying share prices do sometimes lie about the value of a company. He always invested based  on the fundamentals of a company he could understand. He made over 600bn usd for Berkshire Hathaway on this principle. I think I would prefer to follow Warren than yourself strategy in trading shares. Your short will come back to bite you badly someday , when mpvd fundamentals are recognised as being totally undervalued by institutional investors and they start buying and shooting up the share price. You will have to pay the market value of the share price to close out your short than and this is all part of levelling up the market. Share prices rarely value a company correctly in my experience, and this case explains this theory pretty well.
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