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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 Terrebonneon Nov 29, 2017 10:31pm
172 Views
Post# 27060239

Help wanted

Help wantedI have a good understanding of the mining industry and financial statements. (That's been my business for half a century). I confess to have never bothered to try to interpret what's going on in the stock market. There were 769 transactions today for a total volume of 158,400 shares. That's an average of 206 shares per transaction, which is peanuts. Can somebody please explain this to me? Does it mean that a lot of small shareholdings are being dumped for tax losses? Does it mean that a lot of shareholders are worried that the refinancing will be a flop? I'm serious. I don't really understand what 769 transactions @ 206 shares per transaction means. Please help. Maybe I'm wrong, but I'm still confident that we have lots of room for cash flow and earnings growth with the refinancing, improved diamond prices, and increased reserves through exploration in the area.
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