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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 tinytoton Mar 30, 2018 9:11pm
128 Views
Post# 27809436

RE:Why voting yes is not a bad idea

RE:Why voting yes is not a bad idea
Macloud1 wrote:
Operating income                                                                             36,068               55,441

Finance expense                                                                             (52,219)             (33,528)

Derivative gain                                                                                    3,178                 4,237

Foreign exchange                                                                            30,035                52,328

Other income                                                                                          90                     120

Net income                                                                                      17,152                 78,598


Pay principal amount of notes                                                                                      41,910


Amount available for distribution                                                                                  36,688  



Mac, how you can ignore the implications of the gains made on FOREIGN EXCHANGE dumbfounds me. If that was predictable nobody would trade it. THAT IS A CRAPSHOOT!

The only reasonable number to predict for FE gains or losses is ZERO. Period.

Without your FE profits above, you would show a loss.

Let that sink in, before you prattle on about what a smart move KDI is.


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