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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 DenvCol1on Feb 29, 2016 10:24pm
212 Views
Post# 24607500

RE:RE:RE:RE:Soon to be 3 months

RE:RE:RE:RE:Soon to be 3 monthsIt is time to make a comparison of MPV with Aber Resources back in 2003/2004. Diamond production began at the Diavik Mine during 1/2003 and achieved full scale production during 1/2004. Aber was at $30 per share during 1/2003 compared to $52 per share during 1/2004, a 1 year increase of 73%. So if we take MPV's Canadian stock price when first production starts during 2nd half 2016, and increase the stock price by 73% to 2nd half 2017, it may be a reasonable stock price at full scale production. Of course, the situation is different now. Canada's diamond mines were booming during 2004, and now Canadian mineral resources (oil in particular) are stressed. It is interesting, though, that the Canadian Dollar is starting to move up again, in relation to the American Dollar. 0.68 a month ago to 0.74 today. Maybe oil will start moving up again, helping confidence in Canadian mineral resources. The worst may be behind us, with a bright future ahead!
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