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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 cigarbuttson Aug 31, 2018 11:25am
89 Views
Post# 28548830

RE:Debeers Anglo report

RE:Debeers Anglo report Canadian Production in 2016 was almost all Victor.  It would give you a nice average for Victor.     We backed out all of Victor for 2017 and 1H 2108 from the Canadian total numbers,  based on the average 2016 selling prices for Victor.

DeBeers  Wordwide,   as I pointed out to you already,  if you look at the full year numbers for 2016 and 2017   Production and Sales are prettyclose for both years 2016 and 2017.


DeBeers  2017 Production  33.4M carats       DeBeers  2017 sales  32.44M carats
DeBeers  2016 Production   27.33M               DeBeers  2016 sales  29.95M  carats.


Over a 2 year period production and sales smooth to within about 95% of each other.

Tells me that over 30M plus carats they are not inventorying a  lot of stones from any production on a WW basis over the past 2 years.     They are primarily a wholesaler of rough,  ditto MPVD.    Canada is not their highest value operation,  either per carat,  like Namibia,  or for EBITDA like Botswana.     The numbers show its like 1/3rd  Botswana,  1/3rd  Diamond Trading,  and 1/3rd ROW  (including Canada).     How much import are they going to place on inventorying  stones from Canada period to period?  

Would they inventory some high valued stones from Canada,   for cut and polish,  or to hold, sure.  But that would not be enough to effect the numbers over millions and millions of carats sold from GK mine  per year.        

It's a pretty simple statistical analysis IMO.             
     
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