Mountain Province Diamonds Inc T.MPVD

Alternate Symbol(s): MPVDF

Metals & Mining Industrial Metals & Minerals

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

Mountain Province Diamonds Inc

Bullboard Posts

Comment by dabard51on Oct 21, 2014 1:36pm

265 Views

Post# 23047784

RE:RE:RE:RE:RE:MPV stock price

Gabriellla, welcome to the board, I welcome a bearish opinion to keep optimism at a realistic level.

What is always an interesting exercise is to argue the case for a "fair" value for a company like MPV. I for one would be interested to hear your arguments that the present market price represents fair value for the enterprise, and that expectations of C$8 are overblown. You also seem to think that C$4.50 represents a floor valuation of some kind...

Of course, depending on how persuasive the press release people are, a stock price can be elevated or depressed as investor's (or trader's) hopes are managed one way or another. Market price represents opinions, not just fair value.

BTW, I'm long MPV.

Cheers...

Bullboard Posts

The top 10 Canadian medical stocks