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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 18, 2018 12:33am
118 Views
Post# 27735070

RE:RE:RE:All these what ifs and maybes

RE:RE:RE:All these what ifs and maybesBrit, good bullet points for discussion.  (a) #1 & #2 are inter-related; in chess, sometimes the strongest move is one which denies the opponent a specific move, and that's what the KDI spin-back-in might really be about.  Consider:  why was it spun out in the first place, then funded, and kept on a short leash?  That's guesswork on my part; look at the maps where kimberlites are being found, and ponder your own conclusion.  (b) of the properties surrounding GK, KDI has Kelvin & Faraday priced out; Doyle & MZ are in the wings; then, there's blue-sky when connecting the dots.  (c) the KDI deal would increase MPVD float by 20%; where does your 50% number come from?  (d) Buying out MPVD completely has been in the cards for a decade, and ain't happened even though the price over time would have been a lot less.  Probably because DD owns 25%, and he seems to prefer owning stuff to holding currency.  (e) kindly point me to the relevant statutes on accounting for accumulated tax losses in M&A.  In my simple mind, a tax loss in the aquiree becomes an asset to an aquirer who has more income than losses, and wishes to defer the payment of tax on the income.  Buying a quarter for a dollar is a bad deal, but picking up two dimes which may lay on the floor is beneficial.  I wouldn't be happy, but kindly show me to be wrong on the tax issue, and I will learn.  If you're right, then your move might be to join the short-sellers on this deal.   Cheers.
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