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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 DenvCol1on Mar 25, 2014 10:51pm
292 Views
Post# 22367672

Meeting in Vegas!

Meeting in Vegas!Rdgeo and Brit, I'm not trying to be Mr. Negativity, but I don't think we are going to be ready for our Vegas meeting until Spring of 2018. Please let me explain! Construction of the major part of the mine will start Q3 2014 after receiving permits, and the mine will be completed in Q3 2016. There will most likely be some delay like Aber experienced, so we will not see start of production until Q4 2016. Full Commercial Production will start in Q4 2017. Aber went up from $31 to $52 per share in the final rise during the rapidly increasing cash flows leading up to full production. I believe the same thing will happen to MPV leading up to Q4 2017. We may see $20 per share for MPV by start of production and $30 to $35 per share by Q4 2017. That, of course, also depends on overall market conditions, which whiteirish has made us aware of. Because of the cold weather, particularly in Canada, we probably won't want to meet in Vegas until April, 2018. Rdgeo, don't get frustrated, but this way you will get your $20 per share and probably more. Early 2018 is right around the corner!
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