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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 Aug 08, 2018 12:20pm
120 Views
Post# 28427713

RE:RE:RE:RE:The analyst predicted earnings

RE:RE:RE:RE:The analyst predicted earnings Here you go Mauriceopp it is just a repetition of some past posts, if it will make you feel better. 

The numbers are there now, the numbers were there after they did the refinancing then they came out with the KDI deal that set things back for a bit. I am not totally against the deal I think their sense of timming was a bit off. We are now at that point again where we should turn the corner. We have $109,080,320 in revenue for Q2. According to Q1 report : "Cash costs of production, including capitalized stripping costs1, for the three months ended March 31, 2018 of $76 per tonne of ore processed and $37 per carat recovered." I spoke with management last week and our costs have basically stayed the same for Q2 from what I understood. That means $42,207,360 in production costs, Our only expenses are cost of acquisition for specials and because of the big diamond we got I will guess 15,000,000 that is 5 million more than the last quarter, 13,000,000 for depreciation , 4,000,000 for admin, 9,000,000 for interest and I am allowing 11,000,000 for foreign exchange, However the unrealized foreign exchange should not be that great. Last quarter the foreign exchange was high because the dollar went from approx. 1.25 to 1.28 . the foreign exchange loss is the .03 cent difference on the dollar on the principal at the end of five years when it is due. In any event that leaves us with a profit of $42,844,960. or about .20 cents per share which is great. I can't think of any other expenses they can have. What I am afraid of is that they drop another bomb shell. 
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