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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 Macloud1on Jan 07, 2018 9:53am
112 Views
Post# 27300086

RE:RE:Tiny re:Your question.

RE:RE:Tiny re:Your question. Tiny  The gross revenue per share in 2018 based on the lowest production projected by Debeers and at 70 US per carat with the exchange rate of 1.28  is $1.33 US per share in Canadian funds that is $ 1.71 Canadian per share.

The gross profit is .76 cents per share . 

After paying our interest, selling expense and general and administrative charges that will leave us net .47 cents per share. I don't think we will be paying taxes for a number of years , We have to write off all the exploration and construction expenses first. 

We will have about 50,000,000 Canadian in cash  after the fourth quarter results. We will also have 75,000,000 in cash at the end of year 2018 based on the above calculation. 

So that gives us 125,000,000 in cash at the end of 2018. If they decide to make the principal payment of 33 million or 42.5 million canadian which Ithink they will that will leave us with free cash flow of 82,500,000 canadian or .51 cents per share. How much dividend we get will depend on how much of this they will be willng to throw back at the  investors. Right now i figure 1/4 or .15 cents ofr 2018. 

Hope this is the answer you are looking for. 
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