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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 garygpon Oct 23, 2014 2:55pm
233 Views
Post# 23055496

RE:RE:What does it say

RE:RE:What does it sayAgain I disagree with your analysis of the situation here and now. The market is telling you something, and that something is MPV is fairly valued for todays environment. For today, all things being equal, MPV is sitting in a sweet spot. The company is cashed up as best it can be, it has the institutional support from the 3 large banks by way of their recent financing, and a billionaire shareholder who is also heavily invested. To look for additional fund support is foolish. Most funds are prohibited by law from investing in stocks that are valued at 5 dollars or less, therefore this is exactly the point where funds, were they invested, would have to be liquidating their positions. This sweet spot is also a point where it gets dicey for MPV as well, as they are in a position where the small retail investor gets cold feet and tends to pull the plug too. Don't forget, tax loss selling is just around the corner. On that note, it's my belief a buy could be setting-up in the next few months+/- somewhere between the 4.50 to 4.80 ish mark. That, for this point in the cycle would be a good entry point. Here comes the kick in the shorts. All of what I have posted over the past couple of months and today, is dependent on the market when the mine nears the completion of the construction phase. If we suffer a catastrophic deflation that I feel we could be in for near the completion of construction and nearing mine commissioning, all bets are off. And it's for this reason that I have been harping at all those on this board to try and understand what is taking place worldwide and in all markets. Many have been here for 10-15 yrs. or more, and it would be a nightmare for many to get to the end of the MPV trail and be faced with a 1-2 dollar share valuation. I'm not saying this will happen by any stretch, but it could, as any thing is possible....what I am saying is be prepared, for almost any thing. Gary.
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