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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 ValueSpotteron Dec 15, 2016 11:40pm
159 Views
Post# 25608361

Technical Analysis vs. Fundamental Analysis

Technical Analysis vs. Fundamental AnalysisI realize that no one other than Kahneman is going to believe this but in the upcoming weeks I believe that the techies are going to drive MPV lower. Look at the one month chart. During the holidays no one seems to act in a rational manner. I believe the techies are going to sell this puppy down to 6.25 and possibly down further. It will make no sense, of course, but neither does technical analysis. I sold 50% of my position around 6.85 a month or two ago and I'm waiting for 5.95. Go irrational techies! Go party... wake up... go to work... look at the chart... act irrational... repeat!
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