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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 Dec 06, 2022 8:52am
130 Views
Post# 35152887

RE:RE:RE:DEAD MONEY ALTERNATIVE

RE:RE:RE:DEAD MONEY ALTERNATIVEI am a bit confused by your post to put it mildly. The current mine plan goes to end 2030. There is the new Hearne pipe found, all the Kennady assets and Tuzo deep to be incorporated into the mining plan in due course. Mark Wall, who is mpvd ceo, has stated publicly they are in discussions with De Beers to extend the mining life and incorporating these assets into it. This could easily add another 15 years to the mining plan. There is also continued exploration and expectations to find substantial new kimberlite in coming years. Debt will be fully paid off in maximum 3 years. The balance sheet will look very healthy at year end, when bonds are extended. Mpvd should be 3 cad today and may well be 10 cad per share when debt is fully repaid in my opinion.
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