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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 Terrebonneon Dec 02, 2017 12:50pm
171 Views
Post# 27077898

RE:It is always said that the market does not like uncertainty

RE:It is always said that the market does not like uncertaintyfactRbest, you are absolutely right. Plus, there are other benefits. Using round numbers, our annual interest expense should go down. Again, using rounded US$, we're paying annually about 30 million in interest (7.5% on 393 million). Our new interest should be about 26 million annually (8% on 325 million), or 4 million less. Let's call it even. The benefits of the refinancingare that we have certainty, we have no cash reserve requirements, and we have a $50 million credit line for emergencies. Starting December 15, our after interest cash flow will be ours, and ours alone. It's not the best deal in the world, but it's better than what we had. Now, we're pretty much a pure diamond price play. Let's spice it up and become an exploration play, too.
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