Mountain Province Diamonds Inc T.MPVD

MPVD carat value not all bad

[Macloud1]

When you look at the 2017 Annual report and the 2018 production reports you will note that out of all the diamonds we produce 40% are Boart and 60% are gem or near gem quality. The boart sells for an average of $8 US or $10.40 C based on an exchange rate of $1.30. So far this year we have sold 2,431,068 carats at an average of $77 US or $100.1 C. So lets see what happens when you remove the boart from the equation.

 Quarter 1
 
We sold 558,000 carats at an average grade of 2.09 Carats per ton for a revenue of $66,565,000 Canadian, which gave us average $99 US or $126. Canadian. If we remove the boart diamonds and the boart dollars from the revenue, we are left with 316,800 carats for a revenue of $64,368,520 C for a value $203.18 C per carat or $154.41 US at an average grade of 1.25 carats per ton.

Quarter 2

 We sold 1,134,000 carats at an average grade of 2.12 Carats per ton for a revenue of $99,075,000 Canadian, which gave us average $79 US or $101. Canadian. If we remove the boart diamonds and the boart dollars from the revenue, we are left with 680,400 carats for a revenue of $94,357,560 C for a value $138,67 C per carat or $105.39 US at an average grade of 1.24.6 carats per ton.

Quarter 3

 We sold 768068 carats at an average grade of 2.15 Carats per ton for a revenue of $75,500,000 Canadian, which gave us average $79 US or $101. Canadian. If we remove the boart diamonds and the boart dollars from the revenue, we are left with 460,841 carats for a revenue of $72,304,839C for a value $156.89&nbsp C per carat or $119.23 US at an average grade of 1.29 carats per ton.

So far this year after removing the Boart we have 1,458,041 gem or near gem quality diamonds sold for revenue of $231,030,919 Canadian at an average of $158.45 C or $120.42 US per carat and an average grade of 1.26 carat per ton.

So it is my opinion (merely an opinion based on facts) that the price per carat we average is not all that bad. The richness and value of this ore body is masked by the boart diamonds. You are talking 972,027 carats for an additional revenue of $10,109,080 C or $7,776,216.US I am told that it does not cost anything more to produce the Boart diamonds and it is additional revenue.