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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 dabard51on Mar 15, 2018 2:55pm
139 Views
Post# 27722322

RE:RE:news

RE:RE:newsReading the MPVD press releases is like hunting for easter eggs - in the snow.  One gets cold feet.  So for Sale 2, they rolled some fancies and specials from the previous split into this sale, plus some fancies and specials which would have been part of the NEXT sale; hence, the higher per-carat figure.  They expect the per-carat price for Sale 3 to be lower than average.  I quote their thought on dividends:  "The specifics of the [dividend] policy are expected to be established within the coming months as rough diamond price trends are confirmed, and in conjunction with determining the allocation of capital to the callable component of the Company’s senior notes."  So the plan is to use cash flow to first, reduce the amount of debt outstanding (reduce interest payments) by calling some bonds, then thinking about paying cash to shareholders.  Cheers, all.
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