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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 Aug 13, 2018 5:38pm
61 Views
Post# 28452769

RE:MacLeod1

RE:MacLeod1I'm not sure of this and stand to be corrected:

But it seems to me that MPV and DeBs are not selling the same diamonds, in fact, because of the specials and fancies, they seem to me to be very different. So I'm guessing that you can't expect their sales numbers to compare in any ordered manner.

As far as their costs are concerned, I'm also guessing that one could not expect them to compare well, either. Are they required to use indentical practices for depreciation, for example? Ditto for their shares of the various inventories? DeBes (or MPVD) may want to assign special administrators (watchdogs?) that the other deems unnecessary and won't pay for. 

I don't know, but it seems to me that the way I will cost my portion of the mining costs can, and will, be different than the way you will do it for your share, and thus our numbers will not compare.

I may be wrong, but until that is established, I don't think that you could reasonably expect their financials to match.


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